Welcome to The Senate Site

April 15th is fast approaching.

Over the last two years we cut taxes by almost $400 million and revamped the system (you remember that, right?). You'll file under the new system in 2009 but this is a transition year.

So, will you pay more income tax this year or next?

Here's the calculator. Fill it in and compare for yourself.

And here's a fact sheet posted by the Utah State Tax Commission.

And an op-ed piece by Senator Wayne Niederhauser.

2 Comments:

 Richard said...

My tax liability was three times higher on the new system. Yuck!

3/31/2008 3:19 PM  

 Susie F. said...

I see the Retirement Deduction got "flipped" to a credit, so that former deduction won't be lost to those who qualify for it.

What about the Disabled Dependent Exemption? On a draft copy of the new TC-40 there was no longer a place to indicate that a family has a qualified disabled dependent (and therefore qualified for an additional exemption on the tax return). Has this deduction been swept away? If the retirement exemption was changed into a new credit, why not the disabled dependent deduction???

4/29/2008 10:36 AM  

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