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Some tax issues to be decided in today’s elections across the country

November 8, 2011

Colorado voters had their say on tax increases last Tuesday. They overwhelmingly rejected tax increases to pay for schools.

Vote buttonWill that anti-tax sentiment continue today as more localities ask their residents to approve tax measures?

Voters in 42 school districts in the Cleveland-Akron, Ohio, area will decide on 44 tax issues. Most want the electorate's OK to increase taxes.

Georgia voters also will have their say on a variety of special purpose local option sales tax propositions. I love this acronym: SPLOST. Just reading it conjures up such an interesting, and messy, sound that perfectly fits any tax discussion.

New Jersey voters will decide whether to make sports betting legal if — and that's a big if — a federal ban on such gambling is ever lifted.

While not strictly a tax measure, legalized betting on athletic events certainly would increase tourism to the Garden State, allowing it to collect more in taxes from visitors who likely will spend at least some of their winnings on other things.

And it would help out Uncle Sam, too. More bets mean more potential winners and gambling proceeds are taxable.

A ballot initiative in Washington state would end state-run liquor stores and allow booze sales by private stores larger than 10,000 square feet.

With that space specification it's no surprise that Issaquah, Wash.-based big box store Costco has been a major contributor to the $22 million campaign to change the liquor sale law.

The side effects of the Evergreen State vote also could have tax implications.

People coming in to pick up some libations would mean more sales and more distilled spirit taxes collected. And don't forget that those shoppers might just buy other taxable goods, too.

Is your state, county or school district asking you to vote today on a tax issue? If so, please leave a comment letting us know what it is and your take on your local tax ballot question. 

You also might find these items of interest:

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The More Tax Posts tab at the top of this page will take you to, well, more tax posts. You also can search below for a tax topic. 

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TAX-SAVVY WAYS 
TO WRAP UP 2026

It’s over! With October’s extended filing deadline behind us, it is now time to focus on year-end moves to reduce your 2026 tax bill. 

You’ll find ways to do just that on the Tax Tips page (see the More Tax Posts drop-down menu at the top of the blog), as well as the separate tax tip pages for each month, notably October through December. If you’re on the Tax Tips page, you’ll find a monthly list at the end of this column. If you’re on another blog page, you can head straight to the October tips; at the bottom of that tips page you’ll find links to all the other 11 months’ collections of tax advice.

Not to spoil what you’ll find in that tax advice, but it does cover such things as tax deductions for charitable donations, investment moves that could reduce tax due, and ways to max out your tax-favored retirement savings. 

Finally, as the year winds down, things get hectic. There are lots of other things to occupy our time, like the much more fun upcoming holidays. But don’t lose sight of taxes, since timing is key. To be of use, most tax moves must be made by the end of the tax year. That’s Thursday, Dec. 31, which also is the last business day of the year. 

So that you don’t miss that final tax year deadline, also keep an eye on the countdown clock below. It will keep you on top of just how much time is left to make important, tax-saving moves. (Note: I’m in the Central Time Zone, so adjust accordingly for where you live.)

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