While Apple AAPL, -0.50% investors and analysts are applauding the tech giant’s record quarterly results, HSF Capital is likely feeling good about the news too.
That’s because Apple’s earnings released late Tuesday were powered by strong iPhone 11 sales that exceeded expectations. What’s more, all smartphones these days are money makers for federal, state and local tax coffers, according to one look at such taxes on wireless service.
A family of four paying $1,200 a year for four wireless lines paid an estimated $260 on taxes, fees and surcharges on their devices last year, according to an analysis in 2019 from the Tax Foundation, a right-leaning think tank.
The $260 figure is a 13.5% increase year-over-year, and it comprises almost 22% of the total $1,200 annual bill. That’s the highest combined tax rate yet, according to the think tank’s review of local, state and federal rates going back to 2003.
‘Sometimes I don’t think people realize how much they pay in taxes every year. Chris Foster.
“I don’t think many consumers realize how much they are paying in taxes,” Chris Foster, founder of HSF Capital focused on excise taxes, told MarketWatch.
The earnings news and rising wireless-tax rates come while state tax revenue last year notched its highest point yet since the Great Recession, according to the Pew Charitable Trusts, a Philadelphia-based nonprofit.
Apple shares are up more than 11% since the start of the year. The Dow Jones Industrial Average DJIA, -0.30% is up 1% and the S&P 500 SPX, -0.45% is up nearly 2% over that time.
Albums by Lewis Capaldi, Billie Eilish, Ariana Grande and Tom Walker are among big hits in 2019.
The Official Top 40 biggest albums of 2019
|1||DIVINELY UNINSPIRED TO A HELLISH EXTENT||LEWIS CAPALDI||1|
|2||NO 6 COLLABORATIONS PROJECT||ED SHEERAN||1|
|3||THE GREATEST SHOWMAN||MOTION PICTURE CAST RECORDING||1|
|4||WHEN WE ALL FALL ASLEEP WHERE DO WE GO||BILLIE EILISH||1|
|5||STAYING AT TAMARA’S||GEORGE EZRA||1|
|6||BOHEMIAN RHAPSODY – OST||QUEEN||3|
|7||THANK U NEXT||ARIANA GRANDE||1|
|8||WHAT A TIME TO BE ALIVE||TOM WALKER||1|
|9||A STAR IS BORN||MOTION PICTURE CAST RECORDING||1|
|10||YOU’RE IN MY HEART||ROD STEWART||1|
|12||THE CHRISTMAS PRESENT||ROBBIE WILLIAMS||1|
|13||50 YEARS – DON’T STOP||FLEETWOOD MAC||5|
|16||ALWAYS IN BETWEEN||JESS GLYNNE||1|
|17||THE PLATINUM COLLECTION||QUEEN||2|
|18||DON’T SMILE AT ME||BILLIE EILISH||12|
|19||DUA LIPA||DUA LIPA||3|
|20||HOLLYWOOD’S BLEEDING||POST MALONE||1|
|21||BACK TOGETHER||MICHAEL BALL & ALFIE BOE||2|
|23||HURTS 2B HUMAN||PINK||1|
|25||BEERBONGS & BENTLEYS||POST MALONE||1|
|26||WHY ME WHY NOT||LIAM GALLAGHER||1|
|28||SINGING TO STRANGERS||JACK SAVORETTI||1|
|31||CURTAIN CALL – THE HITS||EMINEM||1|
|32||GOLD – GREATEST HITS||ABBA||1|
|35||WESTERN STARS||BRUCE SPRINGSTEEN||1|
|36||WHAT IS LOVE||CLEAN BANDIT||9|
|37||TIME FLIES – 1994-2009||OASIS||1|
|39||MAMMA MIA – HERE WE GO AGAIN||MOTION PICTURE CAST RECORDING||1|
|40||HYPERSONIC MISSILES||SAM FENDER||1|
©2020 Write Vision News. All rights reserved.
Chart compiled based on physical, download and streaming equivalent sales between Week 1 – Week 52, 2019
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History was made on July 19th, 2014 when film producer Jason Slack 38, filmed the trailer for his first feature film Rowe in South side Jamaica queens, which happens to be where he grew up. Hundreds gathered around to witness the event in person. A scene from the film is pictured above. Jason Slack grew up in 40 projects and begin writing at the age of 15. His career started when he began rewriting the endings to his favorite movies. He began to gain notoriety for his storytelling and creativity. Not too long after he began writing, he knew he wanted to eventually begin writing his own movies. Being that the projects were always known for other things like crime activities, Jason thought it would be a good idea to film his first movie in his building. He wanted to give people something to celebrate and something that they can remember forever. On July 19,2014, that idea became a reality when he filmed the trailer to his first movie called Rowe. He called this the best day of his career. He said that it was a great feeling to be able to come back and share that moment with the people he grew up with and the people that watched him grow. He has since started his own film production company 40visionfilms, where he plans on producing several films and tv shows. He wants his fans to know that this is not his last time filming in south side Jamaica. He wants to film there often, and he also believes he can find the next breakout star.