Monday, April 15, 2024

Tax Day deals 2024: Score discounts at Krispy Kreme, Hooters, more

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Mon Apr 15 2024

Tax Day deals 2024: Score discounts at Krispy Kreme, Hooters, more

Krispy Kreme customers can purchase an Original Glazed or assorted dozen in shop on Tax Day and receive a second Original Glazed dozen for just the price of sales tax in their state.

Tax Day falls on Monday, April 15 this year. See where you can get discounts and freebies in honor of tax season ending.

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Evans Chebet of Kenya crosses the finish line to win the men's division at then 2023 Boston Marathon on April 17, 2023.

See how to watch the 2024 Boston Marathon, possible winning streak

The 2024 Boston Marathon has the potential to make history as back-to-back defending champion Evans Chebet stands to become only the fifth man to win three years in a row.

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Grandparents had a surprise meeting with their son and granddaughter

Son stuns parents by photobombing their picture with his baby daughter

These Colombian grandparents couldn't believe their eyes when they zoomed into their picture and discovered who was standing behind them this whole time.

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A collection of postage stamps with the American flag.

USPS might increase stamp prices again. How much will you have to pay?

The United States Postal Service made a request to increase first class stamp prices to 73 cents. If approved changes would go into effect July 14.

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Taylor Swift and Travis KeIce watch as Ice Spice performs in the Sahara tent at the Coachella Valley Music and Arts Festival in Indio, Calif., April 13, 2024.

See the fans at Coachella Weekend 1 in photos

Coachella Weekend 1 is in full swing. See the photos of the fans.

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A female cicada, bottom, lays eggs on a branch in a field in Dublin, Tuesday, June 15, 2021. Brood X which is made up of three different species of Cicadas, comes out every 17 years to mate and then die, and then the newly hatched nymphs fall to the ground and dig down, for the next 17 years.

2024 cicada map: Where to find the double brood of cicadas this spring

A rare, double brood event will occur as cicadas emerge in over a dozen states across the Southeast and Midwest this spring.

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In a country as large as the United States, economic activity and tax collection vary considerably by state and region. A resource-rich state like Alaska depends heavily on taxes paid by global oil and gas companies based outside the state, while a major component of Florida's tax revenue comes from tourism activity. According to the Tax Foundation, the 84-year-old tax policy nonprofit, state and local taxes currently make up 11.2% of gross national product, the total value of goods produced by a country over the course of a year. This includes several public revenue sources like taxes on property, general sales, income and corporate income, licenses, and excise taxes on alcoholic beverages, tobacco, and other products. (Here are 19 big companies that paid almost nothing or nothing at all in taxes in 2021 .) To determine the states where Americans are paying the most taxes, 24/7 Wall St. reviewed data from the report State and Local Tax Burdens, Calendar Year 2022 published by t he Tax Foundation . States were ranked by their tax burden, from low to high. We also estimated income per capita by state from the tax burden share and tax amount paid. The Tax Foundation defines tax burden as state and local taxes paid by a state's residents divided by that state's share of net national product. Unlike tax collections, which represent all taxes made to state and local governments, "tax burdens estimates allocate taxes to states that are economically affected by them" per the Tax Foundation. That is, the measure of tax burden attempts to measure the economic incidence, not the legal one. State and local tax burdens have increased since 2020 to the highest level since 1978. According to the Tax Foundation, "pandemic-era economic changes caused taxable income, activities, and property values to rise faster than net national product." The 10 states with the highest state-local tax burdens in 2022 range from Maine and Delaware with a 12.4% tax burden to New York's 15.9% tax burden. Residents of the largest U.S. state, California, bear the fifth largest state-local tax burden at 13.5%. (This is how much tax people pay in an average lifetime in every state .) Four states with populations of under 1 million are among the 10 states with the lowest combined state and local effective tax burdens. Those 10 states have tax burdens ranging from Alaska's 4.6% to Oklahoma's 9%. Texas, the country's second-largest state by population, has the sixth-lowest state and local effective tax burden at 8.6%. Two other states with large populations, Michigan and Tennessee, are also low-burden states.

See which states, counties have the highest property taxes in America

Property taxes nationwide have increased since before the pandemic. Between 2019 and 2023, the median value of annual property taxes increased nearly 25%.

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