taxes

This bill would create a new tax to hire more police officers to patrol K-12 schools.
For Utah lawmakers interested in making a difference for small businesses and consumers, the answer looking forward is simple: Stop offering tax subsidies to big corporations.
This high-quality kids cartoon, which will — like our wildly popular books — teach the ideas of freedom to the rising generation, was directly funded by those who wanted to will it into existence. Put differently… no taxpayers were harmed in the making of this show.
Going into the 2021 session, legislative leaders were committed to a tax cut of at least $80 million, but that number ended up being closer to $100 million. Though there were proposals for a broad income tax rate cut, the Legislature settled on three targeted income tax cut proposals.
Under this bill, certain retirees would receive a non-refundable income tax credit for up to $450 on their social security benefits.
The problem with this practice is that it undermines the important difference between a fee and a tax. Fees are payments in exchange for a quantitative public service while taxes cover the remaining immeasurable services that benefit society as a whole.

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