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2023-10-25 Economy
FY 2023 had major 'unexpected' decline in Tax Revenues
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Posted by lord garth 2023-10-25 08:23|| || Front Page|| [11129 views ]  Top

#1 Has nothing to do with cash diarrhea.
Posted by Skidmark 2023-10-25 09:27||   2023-10-25 09:27|| Front Page Top

#2 As it comes to light how much of the "COVID stimulus" was out and out fraud, who is surprised that little of it was taxed?
Posted by M. Murcek 2023-10-25 09:29||   2023-10-25 09:29|| Front Page Top

#3 I recall an article in the Wall Street Journal that the Inflation Reduction Acceleration Act provided so many tax breaks for electric vehicles and other green fantasies that tax revenue was almost sure to go down.
Posted by Tom 2023-10-25 10:23||   2023-10-25 10:23|| Front Page Top

#4 The US gummint does not have a revenue problem. It has a spending problem.
Posted by M. Murcek 2023-10-25 10:29||   2023-10-25 10:29|| Front Page Top

#5 CA and other States that had disaster events have been able to file taxes as late as Oct., now Nov. 2023, for 2022 Fred and State taxes, pushing that revenue into 2024
Posted by Frank G 2023-10-25 11:00||   2023-10-25 11:00|| Front Page Top

#6 New report unmasks true costs of electric vehicle mandates: 'Remain more expensive'

"the average model year 2021 EV would cost approximately $48,698 more to own over a 10-year period without the staggering $22 billion in taxpayer-funded handouts"
Posted by Skidmark 2023-10-25 12:06||   2023-10-25 12:06|| Front Page Top

#7 Frank G.

Thanks for pointing that out. Almost all Californian are eligible for late filing due to disaster declarations. However, IIUC, most people who file get refunds. Also, the penalties for under withholding should have motivated late filers to make estimated payments within the fiscal year 2023 for fiscal year 2023 capital gains or whatever large income bumps they get.
Posted by lord garth 2023-10-25 13:17||   2023-10-25 13:17|| Front Page Top

#8 I just paid my Est. Taxes from earlier in the year since I filed earlier this month and my CPA told me what Est. Taxes I should have paid if there were no forebearance
Posted by Frank G 2023-10-25 13:43||   2023-10-25 13:43|| Front Page Top

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