Tax Day or Tax Everyday?

TAX DAY OR TAX EVERYDAY? APRIL 15 "Tax Day" APRIL 15 is officially known as "Тах TAX DAY when it's time to pony up to the federal and state governments. And even though it Americans feels like Uncle Sam of your wallet each actually pay more takes a wallop out year, when it's all said and done, taxes to their states than they do to the federal government. PROPERTY 3,000 The average American pays $7,000 in Federal income taxes, but pays over $9,400 in state and GENERAL SALES 2,200 local taxes. This includes $3,000 in property taxes, $2,000 in income taxes, $2,200 in general sales taxes and $2,200 in OTHER SALES & EXCISE ..- 2,200 INCOME other sales taxes and 2,000 excise taxes." STATE & LOCAL TAXES AVERAGE TOTAL $9400 That's quite a burden on individuals; why not get that money from businesses? Well, they're already paying a lot.? In fact, 24 U.S. states have a combined corporate tax rate higher than Japan (world's highest corporate tax rate.) I- -------- ---------IIDO0000000000ODO00000000000 32 states have a combined corporate tax rate higher than third-ranked Germany. 46 states have a combined corporate tax rate higher than fourth-ranked Canada. All 50 states have a combined corporate tax rate higher than fifth-ranked France. Even though individuals and corporations are paying a lot of state and local taxes, those governments are broke. 42 states had budget deficits in 2011, with high as some 45% total spending So while April 15 is our national day of gloom, taxes are something that affect us-and that we should be aware of- APRIL 15 SMTWTFS October November Dacamber EMTWE FS SMTWTF: every day of the year. Is ir u Need help breaking down the complexity of state taxation? Contact YETTER today at 312.701.1800 or yettertax.com Date presented is in all cases the most current available. The recent trends have been toward lower Federal income tax rates and increases in state tax rates. As a result, we believe these numbers are conservative. 1. http://www.taxfoundation.org/files/sr151.pdf (calendar year 2004 data) 2. http://www.taxfoundation.org/news/show/22917.html (2008 data) 3. http://www.stateline.org/live/ViewPage.action?siteNodeld-1368languageld-1&contentid-15158) (2011 data) yettertax.com TAX DAY OR TAX EVERYDAY? APRIL 15 "Tax Day" APRIL 15 is officially known as "Тах TAX DAY when it's time to pony up to the federal and state governments. And even though it Americans feels like Uncle Sam of your wallet each actually pay more takes a wallop out year, when it's all said and done, taxes to their states than they do to the federal government. PROPERTY 3,000 The average American pays $7,000 in Federal income taxes, but pays over $9,400 in state and GENERAL SALES 2,200 local taxes. This includes $3,000 in property taxes, $2,000 in income taxes, $2,200 in general sales taxes and $2,200 in OTHER SALES & EXCISE ..- 2,200 INCOME other sales taxes and 2,000 excise taxes." STATE & LOCAL TAXES AVERAGE TOTAL $9400 That's quite a burden on individuals; why not get that money from businesses? Well, they're already paying a lot.? In fact, 24 U.S. states have a combined corporate tax rate higher than Japan (world's highest corporate tax rate.) I- -------- ---------IIDO0000000000ODO00000000000 32 states have a combined corporate tax rate higher than third-ranked Germany. 46 states have a combined corporate tax rate higher than fourth-ranked Canada. All 50 states have a combined corporate tax rate higher than fifth-ranked France. Even though individuals and corporations are paying a lot of state and local taxes, those governments are broke. 42 states had budget deficits in 2011, with high as some 45% total spending So while April 15 is our national day of gloom, taxes are something that affect us-and that we should be aware of- APRIL 15 SMTWTFS October November Dacamber EMTWE FS SMTWTF: every day of the year. Is ir u Need help breaking down the complexity of state taxation? Contact YETTER today at 312.701.1800 or yettertax.com Date presented is in all cases the most current available. The recent trends have been toward lower Federal income tax rates and increases in state tax rates. As a result, we believe these numbers are conservative. 1. http://www.taxfoundation.org/files/sr151.pdf (calendar year 2004 data) 2. http://www.taxfoundation.org/news/show/22917.html (2008 data) 3. http://www.stateline.org/live/ViewPage.action?siteNodeld-1368languageld-1&contentid-15158) (2011 data) yettertax.com TAX DAY OR TAX EVERYDAY? APRIL 15 "Tax Day" APRIL 15 is officially known as "Тах TAX DAY when it's time to pony up to the federal and state governments. And even though it Americans feels like Uncle Sam of your wallet each actually pay more takes a wallop out year, when it's all said and done, taxes to their states than they do to the federal government. PROPERTY 3,000 The average American pays $7,000 in Federal income taxes, but pays over $9,400 in state and GENERAL SALES 2,200 local taxes. This includes $3,000 in property taxes, $2,000 in income taxes, $2,200 in general sales taxes and $2,200 in OTHER SALES & EXCISE ..- 2,200 INCOME other sales taxes and 2,000 excise taxes." STATE & LOCAL TAXES AVERAGE TOTAL $9400 That's quite a burden on individuals; why not get that money from businesses? Well, they're already paying a lot.? In fact, 24 U.S. states have a combined corporate tax rate higher than Japan (world's highest corporate tax rate.) I- -------- ---------IIDO0000000000ODO00000000000 32 states have a combined corporate tax rate higher than third-ranked Germany. 46 states have a combined corporate tax rate higher than fourth-ranked Canada. All 50 states have a combined corporate tax rate higher than fifth-ranked France. Even though individuals and corporations are paying a lot of state and local taxes, those governments are broke. 42 states had budget deficits in 2011, with high as some 45% total spending So while April 15 is our national day of gloom, taxes are something that affect us-and that we should be aware of- APRIL 15 SMTWTFS October November Dacamber EMTWE FS SMTWTF: every day of the year. Is ir u Need help breaking down the complexity of state taxation? Contact YETTER today at 312.701.1800 or yettertax.com Date presented is in all cases the most current available. The recent trends have been toward lower Federal income tax rates and increases in state tax rates. As a result, we believe these numbers are conservative. 1. http://www.taxfoundation.org/files/sr151.pdf (calendar year 2004 data) 2. http://www.taxfoundation.org/news/show/22917.html (2008 data) 3. http://www.stateline.org/live/ViewPage.action?siteNodeld-1368languageld-1&contentid-15158) (2011 data) yettertax.com TAX DAY OR TAX EVERYDAY? APRIL 15 "Tax Day" APRIL 15 is officially known as "Тах TAX DAY when it's time to pony up to the federal and state governments. And even though it Americans feels like Uncle Sam of your wallet each actually pay more takes a wallop out year, when it's all said and done, taxes to their states than they do to the federal government. PROPERTY 3,000 The average American pays $7,000 in Federal income taxes, but pays over $9,400 in state and GENERAL SALES 2,200 local taxes. This includes $3,000 in property taxes, $2,000 in income taxes, $2,200 in general sales taxes and $2,200 in OTHER SALES & EXCISE ..- 2,200 INCOME other sales taxes and 2,000 excise taxes." STATE & LOCAL TAXES AVERAGE TOTAL $9400 That's quite a burden on individuals; why not get that money from businesses? Well, they're already paying a lot.? In fact, 24 U.S. states have a combined corporate tax rate higher than Japan (world's highest corporate tax rate.) I- -------- ---------IIDO0000000000ODO00000000000 32 states have a combined corporate tax rate higher than third-ranked Germany. 46 states have a combined corporate tax rate higher than fourth-ranked Canada. All 50 states have a combined corporate tax rate higher than fifth-ranked France. Even though individuals and corporations are paying a lot of state and local taxes, those governments are broke. 42 states had budget deficits in 2011, with high as some 45% total spending So while April 15 is our national day of gloom, taxes are something that affect us-and that we should be aware of- APRIL 15 SMTWTFS October November Dacamber EMTWE FS SMTWTF: every day of the year. Is ir u Need help breaking down the complexity of state taxation? Contact YETTER today at 312.701.1800 or yettertax.com Date presented is in all cases the most current available. The recent trends have been toward lower Federal income tax rates and increases in state tax rates. As a result, we believe these numbers are conservative. 1. http://www.taxfoundation.org/files/sr151.pdf (calendar year 2004 data) 2. http://www.taxfoundation.org/news/show/22917.html (2008 data) 3. http://www.stateline.org/live/ViewPage.action?siteNodeld-1368languageld-1&contentid-15158) (2011 data) yettertax.com TAX DAY OR TAX EVERYDAY? APRIL 15 "Tax Day" APRIL 15 is officially known as "Тах TAX DAY when it's time to pony up to the federal and state governments. And even though it Americans feels like Uncle Sam of your wallet each actually pay more takes a wallop out year, when it's all said and done, taxes to their states than they do to the federal government. PROPERTY 3,000 The average American pays $7,000 in Federal income taxes, but pays over $9,400 in state and GENERAL SALES 2,200 local taxes. This includes $3,000 in property taxes, $2,000 in income taxes, $2,200 in general sales taxes and $2,200 in OTHER SALES & EXCISE ..- 2,200 INCOME other sales taxes and 2,000 excise taxes." STATE & LOCAL TAXES AVERAGE TOTAL $9400 That's quite a burden on individuals; why not get that money from businesses? Well, they're already paying a lot.? In fact, 24 U.S. states have a combined corporate tax rate higher than Japan (world's highest corporate tax rate.) I- -------- ---------IIDO0000000000ODO00000000000 32 states have a combined corporate tax rate higher than third-ranked Germany. 46 states have a combined corporate tax rate higher than fourth-ranked Canada. All 50 states have a combined corporate tax rate higher than fifth-ranked France. Even though individuals and corporations are paying a lot of state and local taxes, those governments are broke. 42 states had budget deficits in 2011, with high as some 45% total spending So while April 15 is our national day of gloom, taxes are something that affect us-and that we should be aware of- APRIL 15 SMTWTFS October November Dacamber EMTWE FS SMTWTF: every day of the year. Is ir u Need help breaking down the complexity of state taxation? Contact YETTER today at 312.701.1800 or yettertax.com Date presented is in all cases the most current available. The recent trends have been toward lower Federal income tax rates and increases in state tax rates. As a result, we believe these numbers are conservative. 1. http://www.taxfoundation.org/files/sr151.pdf (calendar year 2004 data) 2. http://www.taxfoundation.org/news/show/22917.html (2008 data) 3. http://www.stateline.org/live/ViewPage.action?siteNodeld-1368languageld-1&contentid-15158) (2011 data) yettertax.com