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By Catholic Online (NEWS CONSORTIUM)

9/25/2013 (10 months ago)

Catholic Online (www.catholic.org)

State and local income, sales, motor fuel, motor vehicle, alcoholic beverage taxes go skyward in 2nd Quarter

Taxes went up - is that news? Taxes rarely go down. However, in the nation's 2nd Quarter, taxes went skyward all over the place. Local individual income taxes, general sales and gross receipt taxes, motor fuel taxes, motor vehicle taxes, taxes on alcoholic beverages hit all-time highs this year, according to data released by the Census Bureau.

Resorting to the respite offered by the devil drink to increased taxation proved fruitless as well.

Resorting to the respite offered by the devil drink to increased taxation proved fruitless as well.

Highlights

By Catholic Online (NEWS CONSORTIUM)

Catholic Online (www.catholic.org)

9/25/2013 (10 months ago)

Published in Business & Economics

Keywords: Taxes, liquor, personal, state, federal, roads


LOS ANGELES, CA (Catholic Online) - Americans paid more in each of these categories than they ever did before in the quarter that ran from April through June of 2013. This means no quarter - of any year since the bureau first started tracking state and local tax revenues in 1962 have taxes ever climbed this high.

A record of $114.032 billion in state and local individual income taxes was paid by Americans in the second quarter of this year, up from $7.787 billion, 7.3 percent - from the previous all-time record of $106.245 billion Americans paid in the second quarter of 2008.

Americans also paid a record of $82.212 billion in state and local general sales and gross receipts taxes in the second quarter of this year.

There was new found pain at the pump. Americans also paid a record of $11.254 billion in state and local motor fuels taxes in the second quarter of 2013. That was up $135 million, or 1.2 percent - from the previous record of $11.119 billion paid in the second quarter of 2012.

It was even more expensive to take to the road. Americans also paid a record $7.945 billion in state and local motor vehicles taxes in the second quarter of 2013. That was up $43 million, or 0.5 percent - from the previous record of  $7.902 billion paid in the second quarter of 2012.

Resorting to the respite offered by the devil drink proved fruitless as well. Americans paid a record of $1.827 billion in state and local alcoholic beverage taxes in the second quarter of 2013. That was up $25 million, or 1.4 percent-from the previous record of $1.802 billion paid in the second quarter of 2012.

The second quarter of 2013 ranked only as the third highest ever for overall state and local tax revenues. The highest ever total state and local tax revenues for any quarter was the fourth quarter of last year, when state and local governments took in $398.510 billion in total taxes.

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