Tag: state income tax

States See Revenue Surge from Income Tax, Federal Aid

Michigan Star Staff
Woman with $100 bills spread open in hands

Numerous states have seen their state revenue surge in 2021 fueled by a robust stock market, growing income, federal aid, and increased tax revenue, The Wall Street Journal reported.

States’ revenue soared 24% between April and November from 2020 to 2021, according to a survey conducted by the Urban Institute think tank, the WSJ reported. Thirty-two states said the revenue collected in the fiscal year ending in 2022 was ahead of expectations, according to data from the National Association of State Budget Officers obtained by the WSJ.

Read More

United Van Lines: Americans Continue Moving Out of Higher-Tax States

The Center Square

While Americans continued to move out of higher taxed blue states in 2021, migration patterns were different than they were in 2020, a report by United Van Lines indicates.

United Van Lines customers primarily moved for new jobs or to be near family, resulting in their destination states being more varied than they were in 2020 when they primarily moved to western and southern states from northern states, its 45th Annual National Migration Study found.

Read More

New York Gov. Cuomo Tells Hero Healthcare Workers Who Traveled There to Save Coronavirus Patients Now Must Pay State Income Taxes

Jason M. Reynolds

New York Gov. Andrew Cuomo, who once pled for an influx of healthcare workers to treat COVID-19, now says they have to pay up for the privilege of having worked there to treat the coronavirus.

Cuomo said out-of-state medical professionals who volunteered to help his state owe income taxes, Fox News said. That applies even if they stayed on the payroll in their home states. However, only workers who stayed in New York for more than 14 days are on the hook.

Read More