Tag Archives: revenue
NY Cigarette Tax Increase Could Decrease States Tax Revenue
New York State is considering implementing a new cigarette tax that could have serious economic consequences. The proposed tax would increase the state’s cigarette tax from $4.35 to $5.35 per pack. While the goal of the tax is to discourage … Continue reading
New York Surpasses Half Billion in Mobile Sports Wagering Tax Revenue
New York Gov. Kathy Hochul recently announced that New York State has collected $542 million in tax revenue since the state began allowing online wagering in early January. These numbers are more than any state in the nation during that … Continue reading
New York’s Tax Revenue Higher than Anticipated
According to New York State’s Comptroller Tom DiNapoli, New York has raked in roughly $2.5 billion in tax revenue during the first 6 months of the fiscal year. This is a much higher number than the state previously forecasted. New … Continue reading
Taxing Cow Farts to Combat Climate Change
Last week, the New Zealand Government proposed a tax on farm animals’ greenhouse gas emissions. This is part of New Zealand’s effort to reduce the pollution of these animals, which is ultimately contributing to climate change.… Continue reading
Gas Tax Revenue Continues to Fall, More States May Tax EV Mileage
It’s no secret the country has been buying and using more and more electric vehicles over the last few years. The increased popularity of hybrid and electric vehicles alike is taking a serious toll on the tax revenue collected across … Continue reading
New AI Experiment Helped France Tax Over 20,000 Undeclared Pools Across The Country
In recent years AI or Artificial Intelligence has made some extreme strides across the globe in changing how we do things in our daily lives. In a recent experiment by the French Government, they used an AI drone that was … Continue reading
Sales Tax Revenue continues to climb, Another Big Increase in July
For another month, sales tax collections in the state of New York were much higher than they were last year. It’s no secret that inflation is the main cause of the issue, forcing Americans to be cutting bigger checks for … Continue reading
Most of New IRS Revenue Will Come From Small Businesses
Over the past few weeks, the new was passed. This bill included a whopping $80 billion in funding to the IRS to improve the agency’s collection of under-reported income. This will inevitably end up targeting many small businesses to help … Continue reading
Sports Wagering Revenue Tops $300m in New York, Where is the money going?
Sports wagering across America has become increasingly popular for a lot of Americans recently. Over the last few years, we have seen more and more states legalize online sports wagering, with more states in line to do the same. It … Continue reading
As inflation to Rises So does Sales Tax Revenues
Last month, the sales tax revenue collected by New York, and other states around the country soared. There seems to be a direct correlation with the increase in inflation. The concept makes sense since as inflation continues to rise, consumers … Continue reading