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States Looking Everywhere for Revenue

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    States Looking Everywhere for Revenue

    We've had at least a couple of thread related to this subject - some general, some specific. Here's another.

    Vermont is among a handful of states looking to shore up revenues without raising taxes by making sure that current tax laws are enforced fully.Vermont, Idaho and Oklahoma all hired additional tax auditors ...
    "The only function of economic forecasting is to make astrology look respectful" - John Kenneth Galbraith

    #2
    Nobody told me

    Here is an excerpt from the article. Wonder where I heard this before:
    “Lowe, the landscaper, hasn't been so lucky. He operated his landscaping business for nearly all of its 36 years with the understanding that bark mulch, soil additives and similar products he sells were exempt from Vermont's 6 percent sales tax. That changed in 2006, but no one told him, Lowe said, until he got past-due tax bills for $18,000 last year, which he is now fighting.”

    Taxpayer, you need to bring all your tax docs with you, "nobody told me".
    You need to pay in estimated income taxes as you should have last year the year before as I instructed, "nobody told me"
    As I have mentioned year after year, improve your bookkeeping or hire a bookkeeper, "nobody told me"
    etc.

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