Comments on: Report: New Mexico Shows Slight Improvement on Tax Burden of Poor http://www.grass-roots-press.com/2009/11/18/report-new-mexico-shows-slight-improvement-on-tax-burden-of-poor/ A progressive, alternative source of news and commentary in southern New Mexico Thu, 15 Jul 2010 16:32:19 +0000 hourly 1 http://wordpress.org/?v=3.0 By: admin http://www.grass-roots-press.com/2009/11/18/report-new-mexico-shows-slight-improvement-on-tax-burden-of-poor/comment-page-1/#comment-1906 admin Thu, 19 Nov 2009 22:05:56 +0000 http://www.grass-roots-press.com/?p=2439#comment-1906 Sent in by a New Mexico resident: I keep urging my friends to keep a record of their NM sales taxes as I don't think most realize how very much they're paying. And if you itemize on your taxes many people don't know that you can deduct state sales taxes from your federal income tax if the sales tax you've paid is more than your state income tax. With no big ticket purchases here's my record for this year which includes calculating $.17/gallon for gas; and of course these totals don't include taxes spent during out of state trips. (I had two trips to NYC this summer to deal with family matters.) I am on a very limited budget and these amounts are significant to me. Charlotte NM GROSS RECEIPTS TAX: January $76.22 February 47.52 March 69.54 April 112.90 May 103.31 June 36.89 July 89.72 August 179.78 September 61.94 October 118.33 Sent in by a New Mexico resident:

I keep urging my friends to keep a record of their NM sales taxes as I don’t think most realize how very much they’re paying. And if you itemize on your taxes many people don’t know that you can deduct state sales taxes from your federal income tax if the sales tax you’ve paid is more than your state income tax.

With no big ticket purchases here’s my record for this year which includes calculating $.17/gallon for gas; and of course these totals don’t include taxes spent during out of state trips. (I had two trips to NYC this summer to deal with family matters.)

I am on a very limited budget and these amounts are significant to me.

Charlotte

NM GROSS RECEIPTS TAX:

January $76.22

February 47.52

March 69.54

April 112.90

May 103.31

June 36.89

July 89.72

August 179.78

September 61.94

October 118.33

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