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Taxes

Holy moly, Batman! The Census Bureau has recently released the total tax-haul numbers for state and local governments for 2017.

Last year alone, state and local governments collected a record $573 billion just in property taxes. That’s about $1,759 for every American man, woman and child. Add to that another record: $386.2 billion in sales and gross receipts taxes and add another $405 billion in income taxes.

That’s almost $1.4 trillion! Those numbers don’t include taxes on alcohol, entertainment, public utilities, gasoline or tobacco. And yet, state and local governments around the country are hiking taxes and fees, citing budget crunches.

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Taxes

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Holy moly, Batman! The Census Bureau has recently released the total tax-haul numbers for state and local governments for 2017.

Last year alone, state and local governments collected a record $573 billion just in property taxes. That’s about $1,759 for every American man, woman and child. Add to that another record: $386.2 billion in sales and gross receipts taxes and add another $405 billion in income taxes.

That’s almost $1.4 trillion! Those numbers don’t include taxes on alcohol, entertainment, public utilities, gasoline or tobacco. And yet, state and local governments around the country are hiking taxes and fees, citing budget crunches.

Property tax collected last year is up almost $22 billion over the previous record, which was set in 2016. Income tax collected is up almost $5 billion from the previous record, which was set in 2015. Sales and gross receipts taxes are up a quarter of a billion from 2015.

Take a look around you at the condition of our infrastructure and the performance of our schools and ask yourself what we’re getting for all this money.

Does this affect your thinking on proposed new taxes?

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