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A taxing vs. relaxing vacation

August 9, 2007

My summer has been incredibly busy. As I was slogging through the chores, personal and professional, last month, I swore I was going to pretend I was European — or a member of the U.S. Congress — and take August off.

Tropical_beach
Unfortunately, that’s not happening. But you can put away your tiny violins playing the world’s smallest sad song for me.

Judging from a recent Forbes story, I might be better off, at least financially, just staying home.

The magazine reports that state and local governments across the country are getting more aggressive about taxing tourists.

Some examples cited by writer Janet Novack:

  • Alaska’s new $50 per person “head tax” on cruise ship passengers.
  • A new permit fee on tour buses, up to a maximum of $2,200 per bus per year,
    entering the Nation’s Capital, which no doubt will be passed along to passengers riding into D.C.
  • Ever-rising taxes on rental cars, both at airports and off-site rental facilities, across the U.S.

What’s driving these tourist taxes? Tax-cut promises that state lawmakers made to permanent residents.

According to the Forbes’ article, a recent survey by the National Governors Association and National
Association of State Budget Officers found that for fiscal 2008, governors had proposed a net total of $3 billion in personal
income tax cuts.

To cover those reductions, the states show a net increase of $1.2 billion in tobacco
and alcohol taxes and a net increase of $2.1 billion in miscellaneous
taxes and fees.

And visitors to the states are just part of that miscellaneous money.

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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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