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Tag Archives: tax

What will a C-Note get you in Mississippi? How about over $16 extra

Tax Foundation study examines “real” value of $100   By TED CARTER Mississippians or visitors to Mississippi with $100 in their pockets are walking around with a $16.69 bonus. But head over to Arkansas and you will lose more than a dollar of the bonus. In Alabama, you’ll lose even more of it. If you stay in Mississippi, at least ...

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Mississippi sales tax holiday begins, includes school items

Mississippi’s annual sales tax holiday starts Friday and runs through midnight Saturday. For the first time, in addition to clothing, the state won’t be charging its 7% sales tax on school supplies. That includes backpacks, lunchboxes, calculators and textbooks in addition to pencils, pens, paper, scissors and crayons. Like with clothing and footwear that were previously part of the holiday ...

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Mississippi woman convicted of tax crimes is out prison

A Mississippi woman convicted of tax crimes is out of federal prison. The Hattiesburg American reports 64-year-old Linda Bolton was released July 3 from a medium-security facility in Aliceville, Alabama. She was convicted in September 2016 of five counts of filing a false tax report and found not guilty on a tax evasion charge. The jury could not agree on ...

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BOBBY HARRISON: Gunn touts conservative groups’ support of transportation proposal

By BOBBY HARRISON Daily Journal House Speaker Philip Gunn, R-Clinton, said national conservative groups have endorsed his plan to decrease Mississippi’s tax on personal income and increase the levy on motor fuels – gasoline and diesel – to pay for transportation needs. Part of the speaker’s plan is to lower the income tax – funds that normally go for education, ...

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Sanderson profits boosted by $37.5 million tax reduction

A 14 percent-point reduction in federal income tax boosted Sanderson Farms Inc.’s first fiscal quarter’s net income by $37.5 million, the Laurel-based poultry processor announced Wednesday after close of the Nasdaq stock market. Thanks to that tax liability reduction, the company reported in a release that net income was $51.2 million, or $2.24 per share, for the quarter compared with ...

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BILL CRAWFORD — Is out-of-state student growth good for Mississippi taxpayers?

USM, seeking students, reduces out-of-state tuition,” read the recent newspaper headline.    “The idea is to reverse a 2,000-student enrollment dip by pricing a USM education below some public universities in nearby states, and attract enough high-schoolers from Houston, Dallas and San Antonio to raise overall revenue,” explained the Clarion-Ledger story. USM cut annual tuition for out-of-state students by 40%, ...

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