Weekly Roundup: From Savers to Shoppers

This week’s economic news summary includes sales tax debates,municipal revenue, stock markets and politics, Uber’s externalities, and productivity problems.

When to Tax a Bologna Sandwich

Depending on whether an item is defined as a necessity or a luxury and how much revenue a municipality needs, state sales taxes very considerably.

Sales Tax Decisions

A buttered bagel is a sandwich but not an unsliced bagel–unless you eat it in the store. Subject to the New York State sandwich tax, so too are burritos, wraps, BLTs and buttered rolls.  Plan to buy fudge? You will…

High, Low, or No Cigarette Tax?

Recently, Connecticut legislators were pleasantly surprised because an increase in the cigarette tax generated more revenue than they expected. You might say that the results were predictable. However, if a state increases taxes, it is possible that consumers will stop…