John Sie: A man with a plan Oct 15, 2009
But, Sie said, the real money outlay would be only $300 million in the first year, and that job creation would lead to more income taxes and business taxes, creating a surplus of $355 million in the second year and $1. 3 billion by year five. (Denver Business Journal, CO)
Christie Clings to Lead in N.J. Race Oct 14, 2009
Mr. Christie, who has built a reputation in the state by putting scores of corrupt public officials in prison, is running a conservative campaign that calls for curbing property taxes, cutting business taxes and reducing state spending. Mr. Corzine, a wealthy former chief executive of the Wall Street investment firm of Goldman Sachs, is a long-standing liberal who has said he will not rule out raising taxes to bring down the states looming budget deficit a stand which has turned many of the... (Newsmax)
Summers to GOP: Stimulus is working Oct 13, 2009
Tuesday, October 13, 2009. By Jordan Fabian - 10/12/09 10:17 AM ET. (TheHill.com)
Perfect storm delayed budget Oct 11, 2009
The recession caused sharp declines in the state's major money-makers, such as the sales tax, as people stopping buying things; the income tax, as people become unemployed or underemployed; and various business taxes, as corporations did less business and laid people off. Of course, the other 49 states were dealing with the same economic conditions but managed to enact their budgets more or less on time. (Pittsburgh Post-Gazette, PA)
Job creation and Medicaid woes add to budget problems on Beacon Hill Oct 11, 2009
MTF President Michael Widmer said income tax estimates are off by $150 million, sales taxes by $250 million and corporate and business taxes by $200 million. Apprehension about spending is driving collections lower, he said. (Dover Sherborn Tab, MA)
Mich. Legislature passes K-12 schools budget Oct 10, 2009
GOP Senate Majority Leader Mike Bishop said his goal not only is to balance the budget but cut business taxes to boost the economy. "This is the first opportunity we've had to really put an option on the table," he said. (Ionia Sentinel-Standard, MI)
Homeowners seek cash by renting rooms Oct 9, 2009
Right now people are trying to stay in their home for the long term and may need a roommate to make that happen, said Eva Rosenberg, founder of the tax-advice Web site and author of Small Business Taxes Made Easy. But becoming both roommate and landlord can be tricky. (Carroll County Times, MD)
Poker, gas leases among issues stalling budget Oct 8, 2009
The House approved a tax package, 102-96 with a single Republican vote, sending it to Gov. Ed Rendell. Hours later the House also sent over to the Senate the budget s primary spending bill, on a 107-93 vote. (Somerset Daily American, PA)
Support tax credit to create jobs? Oct 8, 2009
Cut business taxes across the board and it will apply to all businesses and not just the those who excell in manipulating short term government manipultaion. The president is a college basketball fan so I suggest that he veiw the United States as his team and that we are losing. (Atlanta Journal-Constitution -- Business)
State braces for more cuts as new taxes can't stop revenue dive Oct 8, 2009
Corporate and business taxes plummeted 29. 6 percent, to $144 million below benchmark, which Department of Revenue officials attributed at least in part to the impact of the declining economy on corporate profits, use of transferable tax credits, and faster processing of refunds this September. (Ipswich Chronicle, MA)
Intense rivalry Oct 5, 2009
US states have always had the power to vary sales and business taxes, but the stalled economy has injected an aggressive new tone as they compete to persuade businesses to relocate and invest with them. Nasty tone. (BBC News -- Americas)
Which candidate for governorcan fix N.J.'s economic mess? Oct 4, 2009
He also increased taxes on HMOs, cigarettes, luxury cars and some other items, although he did phase out some business taxes. This allowed him to increase the state's contribution to pension funding from $400 million to $1. (NJ.com -- Times)
Leaders weigh in Oct 4, 2009
And how well they understand the importance of a taxing and regulatory climate that is business-friendly, specifically recommending tax incentives for energy efficiency and lower business taxes overall to attract and grow business. At the same time, citizens know the importance of a workforce that is fully prepared for the 21st-century workplace, urging Arizona to fund job-training programs for people of all ages. (AZCentral -- News)
STEPPED UP TAX COLLECTIONS NET DOLLARS FOR JEFFERSON CO. Sep 30, 2009
Increased efforts to collect business taxes in Jefferson County this year have generated more than 31,000 for the county and reduced the number of businesses owing delinquent taxes to its lowest number in years ... Every year after the tax books close, we start trying to collect delinquent business taxes before some of those businesses end up closing, Stanton said. (Pine Bluff Commercial, AR)
Meg Whitman Talks Tough And Pledges "No New Taxes": A Conversation With the Woman Who Would Be Governor Sep 25, 2009
MW: Well first, we have to cut the business taxes for job-creating business of all sizes ... But across the board, we have to look at business taxes, because as you know, we have the highest business taxes in the country. (Townhall.com)
Home credit extension could sway buying decisions: survey Sep 24, 2009
Search Type Choose a search type from the items below. NEW YORK (Reuters) Nearly one in five prospective first-time U.S. home buyers said a possible extension of an 8,000 tax credit would be the primary influence on their decision to purchase a home before the end of 2010, according to a survey by a real estate website. (Yahoo News -- Press Releases)
* Plan targets government outlays Sep 24, 2009
Further, the minister said he intended to hike business taxes from the current 5 percent to 6 percent in 2013. The planned tax hike does not require approval from the legislature. (Taipei Times, Taiwan -- Business)
Crime rates, agriculture and the theater Sep 23, 2009
Contrasted with 26 other industry categories, looking at a variety of indicators, agriculture bounces around from 12th highest for employee compensation to fourth highest for indirect business taxes and ranks very high for output, employment, and more. I m betting that from year to year, agriculture stays at a fairly steady level while some other categories, construction for instance, bounce a good bit. (Klamath Falls Herald & News, OR)
Alabama 19th in tax-burden study Sep 23, 2009
The analysis by the , a group that generally opposes business taxes, placed Alabama 20th last year. The analysis factored in corporate, individual, sales, unemployment and property taxes. (Birmingham Business Journal, AL)
Jaxport wary of China trade spat Sep 22, 2009
Germany has higher labor costs and business taxes than China, but still has an export surplus in trade with the country. The main reason Germany is able to stay viable as a manufacturing country is its heavy investment in robotics and automation and alternative energy. (Jacksonville Business Journal, FL)
Capitol Watch Blog: Legislators Denounce Pratt's Decision Sep 22, 2009
Pratt Closing Cheshire Plant and Eliminating 1,000 Jobs; Malloy Blames Rell, and McKinney Rips Malloy As MIA - Capitol Watch. Pratt Closing Cheshire Plant and Eliminating 1,000 Jobs; Malloy Blames Rell, and McKinney Rips Malloy As MIA. (FOX61, CT)
N.H. revenue takes a fall, and partisan debate erupts Sep 22, 2009
" Over the first two months of the fiscal year, the state reported revenue for the General and Education Funds at $187.5 million, which was $17.6 million below the revenue plan passed by lawmakers in June and $5.5 million below 2009 collections for the same period. The rooms and meals tax, which was raised by lawmakers, came in $3.7 million below estimates. The state's two business taxes came in $2 million below estimates while tobacco taxes also came in $2 million below estimates.When the... (Seacoast New Hampshire)
Full Story » Sep 21, 2009
IRS extends amnesty program for tax cheats - Yahoo. Search Type Choose a search type from the items below. (Yahoo News -- Politics)
Pa. legislature may have reached budget deal Sep 20, 2009
The proposed budget would increase business taxes, place a new 25-cent tax on cigarettes and draw revenue from not-yet-legalized casino table games. The plan would also draw more than $1 billion from the state's rainy day fund and an account that helps doctors pay malpractice premiums. (Daily Collegian, PA)
Will the $8,000 First-Time Home Buyer Tax Credit Be Extended? Sep 20, 2009
Will the $8,000 First-Time Home Buyer Tax Credit Be Extended. Search Type Choose a search type from the items below. (Yahoo News -- Top Stories)
Thumbs up to lower crime rates (but, really?)OPINIONAnd thumbs up to agriculture as an economic dynamo; and to the determination of the Ross Ragland crowd Sep 19, 2009
Contrasted with 26 other industry categories, looking at a variety of indicators, agriculture bounces around from 12th highest for employee compensation to fourth highest for indirect business taxes and ranks very high for output, employment, and more. Thumbs Up: The Ross Ragland Theater folks conducted their annual dinner Tuesday evening, center stage. (Klamath Falls Herald & News, OR)
Greene County Clerk opposes DMV fee hikes Sep 19, 2009
It s not just DMV fee hikes either: from sportsmen fees to business taxes, every fee seems to be doubling. Rather than nickel and dime people, the state should take a look at themselves first. (Catskill Daily Mail, NY)
Supreme Court upholds CAT Sep 18, 2009
Gov. Ted Strickland in a statement Thursday said he is thankful for the Supreme Court s decision, which protects the integrity of Ohio s reformed tax code and upholds the broad-based, low-rate structure that gives Ohio the lowest business taxes in the Midwest. The association in a statement Thursday said it was extremely disappointed with the court s decision, calling it a loss for consumers. (Columbus Business First, OH)
Projected State Tax Losses Mean More Budget Cuts Likely Sep 18, 2009
A smaller portion of the lost revenue, about $46 million, was a one-time change tied to a recent court ruling regarding state business taxes on interest earnings. The rest of the drop-off reflected actual losses in state tax collections from the previous budget cycle and the first two months of this fiscal year. (KIRO TV, WA)
IRS issues rules to ease mortgage refinancing Sep 16, 2009
Search Type Choose a search type from the items below. By STEPHEN OHLEMACHER, Associated Press Writer Stephen Ohlemacher, Associated Press Writer. (Yahoo News -- Politics)
SPIN METER: Future bailouts are part of the plan Sep 15, 2009
Search Type Choose a search type from the items below. Most Viewed - Politics. (Yahoo News -- Politics)
Arlington prepares for revenue drop Sep 15, 2009
Carlee said it was too early for other revenue numbers such as business taxes, sales and meals taxes, personal property tax and consumption taxes. We also have not completed scenarios for interest, fees, grants and other non-tax revenues, some of which also will decline, he wrote. (Washington Business Journal, DC)
Dissent voiced at Grimes County tax rate hearing Sep 10, 2009
Sullivan was quick to add that a major portion of the anticipated tax revenue increase will come from newly added mineral and industrial valuations, and not from home, land or business taxes for the 2009-10 tax year. Before closing the hearing, County Judge Betty Shiflett said a second hearing will be held in the Commissioners Courtroom at 9:30 a.m. on Sept. 16. (Navasota Examiner, TX)
This Just In... Obama Is a Leftist! Sep 3, 2009
She didn't know after Obama stated his goal to impose job-killing and price-hiking "cap-and-trade" business taxes to fight "man-made global warming." (Never mind the vigorous debate in the scientific community about the degree to which -- or even whether -- human activity is the cause and whether it makes more sense to deal with the effect of a slight warming than to undertake costly and likely ineffective measures to stop it. . (Townhall.com)
McCan't and McShouldn't Sep 1, 2009
By this, they mean that raising taxes on the top bracket, as Democrats have proposed, would hurt small-business owners who pay business taxes as personal income tax. But the House legislation for small businesses, and Obama has argued that reform would help small businesses by offering plans with lower rates. (Slate)
Report: French get list of tax suspects from Swiss Aug 30, 2009
Search Type Choose a search type from the items below. GENEVA France has received a list of 3,000 French taxpayers with bank accounts in Switzerland as part of a double taxation agreement signed between the two countries last week, according to a report in a French newspaper Sunday. (Yahoo News)
Canada's New Ambassador To U.S: Gar... Aug 29, 2009
This earned him a reputation as someone who could cut small business taxes as well as boost spending on social programs. This isn t the first time a Prime Minister has crossed party lines in naming an Ambassador. (Suite101.com)
Japan set for a shock Aug 29, 2009
The same goes for the party's economic policies, which include promises to eliminate road tolls, cut small business taxes, pay young mothers a child allowance, support farm incomes, improve state pensions and reverse Koizumi's privatisation of the massive post office savings bank. The total would cost about 3. (Sydney Morning Herald -- World)
Council increases hotel tax Aug 28, 2009
Mayor Thomas L. McLaughlin spoke in favor of the proposed amendment, telling the council the money generated from the tax increase would go into the city s general fund and can help reduce property and business taxes. Voting for the tax will serve to reduce residential property taxes from $15 to $25 per household, McLaughlin explained. (Woburn Advocate, MA)
Time is money in retirement system fix Aug 22, 2009
In the absence of real substantive changes to the retirement system, this means your state fees, business taxes and property taxes will go up to cover the anticipated shortfall. Politicians will point to several measures taken to make the retirement system more solvent. (Seacoast New Hampshire)
SD Stops Charging Fee To Landlords After Ruling Aug 21, 2009
SAN DIEGO -- San Diego Thursday will stop charging a processing fee meant to cover the costs of collecting business taxes from landlords following an unfavorable ruling from a state appeals court ... San Diego enacted fees to cover the costs of collecting business taxes in 2004. (TheSanDiegoChannel.com, CA)
Court: SD Might Have To Return Millions In Fees Aug 20, 2009
Two landlords sued the city over the fees, which were enacted in 2004 to cover the costs of collecting business taxes. The fees apply to all business owners within the city of San Diego, including people who rent out a single home and hobby artists who sell a few paintings on the side. (TheSanDiegoChannel.com, CA)
Your views: Letters to the editor Aug 18, 2009
This tax loophole has saved the Buescher family, which founded and controls Mercedes, untold thousands of dollars in business taxes over the years. In addition, under federal law, because Mercedes offered an ESOP, it was not required to, and did not, offer a 401(k) retirement savings plan. (Florida Today)
Some seek extra cash by renting out a room at home Aug 16, 2009
"Right now people are trying to stay in their home for the long term and may need a roommate to make that happen," said Eva Rosenberg, founder of the tax-advice Web site and author of "Small Business Taxes Made Easy" (McGraw-Hill, 2004). But becoming both roommate and landlord can be tricky. (The Augusta Chronicle)
City Looks at Downtown Filming Incentives Aug 15, 2009
The Council asked city staff to report back in 90 days on the possibility of expanding the Entertainment and Multimedia Tax Incentive, a program that lowers business taxes for entertainment firms in Hollywood and North Hollywood redevelopment areas, to Downtown. The move followed a March 24 motion by Ninth District Councilwoman Jan Perry, which emphasizes the importance of film and television production to L.A.s economy but notes the threat of runaway production prompted by other states... (Los Angeles Downtown News, CA)
Mailbag: Tax bills are job killers (Aug. 13) Aug 14, 2009
They operate their businesses as sole proprietors, partnerships, LLCs, and sub-S corporations and as such, their business taxes are passed on through their personal tax returns. For corporations, this tax is essentially a sales tax. (Albany Democrat-Herald, OR)
China's July fiscal revenue up 10.2% Aug 12, 2009
The statement said the rebound in fiscal revenue growth was mainly because of the improvement in the country's economy, rising business taxes and increased cigarette tax. However, the figure for the first seven months declined on a year-on-year basis, which, the ministry attributed to weak business profits, tax cuts and rising export rebates amid the economic slowdown. (Xinhuanet, China)
Parking Firm Convicted of 295 Criminal Counts Aug 9, 2009
This conviction sends a message to all tax scofflaws, that cheating on your business taxes may seem appealing in the short term, but we will do everything in our power to come after you and save taxpayer dollars, said Greuel in a statement ... metromyke wrote on Aug 8, 2009 7:28 AM:" That's $65 million, not billion...Based on my experience with the Office of Finance, those taxes may be paid already.My sole-proprietorship tax bill was twice sent to collection agencies for (first) taxes... (Los Angeles Downtown News, CA)
Parking Firm Convicted of 295 Criminal Counts (1114) Aug 8, 2009
This conviction sends a message to all tax scofflaws, that cheating on your business taxes may seem appealing in the short term, but we will do everything in our power to come after you and save taxpayer dollars, said Greuel in a statement. Los Angeles Downtown News. (Los Angeles Downtown News, CA)
China Digital TV Announces Unaudited Second Quarter 2009 Results Aug 7, 2009
For investor and media inquiries, please contact: In China: Eric Yuan China Digital TV Tel: +86-10-8279-0021 Email: Cynthia He Brunswick Group LLC Tel: +86-10-6566-9504 Email: In the US: Kate Tellier Brunswick Group LLC Tel: +1-212-706-7879 Email: China Digital TV Holding Co., Ltd. Unaudited Condensed Consolidated Statements of Operations (in U.S. dollars in thousands, except share data) For the three months ended June 30, March 31, June 30, 2009 2009 2008 As adjusted(1) Revenues: Products... (Yahoo! Wire -- Entertainment News)
White House says no to tax hike for middle class Aug 4, 2009
Search Type Choose a search type from the items below. More on Barack Obama. (Yahoo News -- Politics)
Which tax should rise to pay for health care overhaul? Aug 2, 2009
The other $1 trillion is supposed to come from a combination of spending cuts, business taxes and penalties for employers and individuals who don't get coverage. Under the surcharge plan, beginning in 2011, couples who file jointly with adjusted gross incomes between $350,000 and $500,000 would pay an additional 1 percent in income tax, while those with incomes of $500,000 to $1 million would pay another 1. (Fresno Bee -- Local)
State forecasts deficits, longer recession Jul 31, 2009
Sales taxes accounted for 20 percent of the decline in tax receipts; business taxes came in 1. 6 percent below estimates. (Buffalo Business First, NY)
The race for mayor Jul 28, 2009
What: Candidates answer questions from local media outlets, subjects include parking, recycling, economic development, governmental accountability and small business taxes. No questions from the public. (Logan Herald Journal, UT)
China, the law and NGOs: Open Constitution closed Jul 28, 2009
It has to pay business taxes. Hence the tax bill, which the group says it has paid. (The Economist)
U.S. probe targets UBS banker visits: report Jul 27, 2009
Search Type Choose a search type from the items below. Reuters The logo of Swiss bank UBS is pictured in front of the Swiss Federal Palace in Bern in this July 9, 2009. (Yahoo News -- Top Stories)
‘Weak correlation' between food and fuel prices (2) Jul 26, 2009
The remaining portion of retail food costs is known as the marketing bill, which includes labor, packaging, transportation, energy, advertising, depreciation, rent, interest, repairs, business taxes, profits and other costs not attributable to basic agricultural commodities. Also, the proportion of the average American's disposable income spent on food has declined steadily over the past 50 years, from 21 percent of disposable income in 1950 to below 10 percent in 2006. (Minnesota Farm Guide, MN)
* FSC opposes insurance tax proposal Jul 24, 2009
The government is considering a proposal to raise business taxes as a way to solve the capital shortage for the nations labor insurance annuity program. The 1 percentage point increase in business tax is likely to rake in an additional NT$48 billion (US$1. (Taipei Times, Taiwan -- World Business)
Top 10 Most Outrageous Taxes Proposed (or Publicly Floated by Obama) Jul 22, 2009
Raise a variety of business taxes by $353 billion over 10 years, including repeal of LIFO inventory rules, restoring Superfund taxes, levying seven tax increases on energy companies, and more. 5. (Human Events Online)
Dems to tax the rich to pay for health care Jul 21, 2009
They also say that tax increases on the wealthy hurt small business owners who typically pay their business taxes on their individual returns. Democrats say the tax increases would affect only 4. (Columbia Daily Herald, TN)
Tax the rich? That's the plan Jul 20, 2009
They also say that tax increases on the wealthy hurt small business owners who typically pay their business taxes on their individual returns. "We shouldn't have to resurrect the 1970s to remember that when tax rates go too high, people lose the incentive to build new businesses and create jobs," said Rep. (Albany Times Union)
Joe Biden comes to Clifton Park Jul 18, 2009
She suggested allowing people to retire at 60 with full Social Security benefits to free up jobs or allowing businesses to keep what they would pay in business taxes for five years, if they provide employees with health care. Clifton Park Planning Board Chairman Steve Bulger also enjoyed having the town act as host to the vice president and was surprised to hear Biden mention one of the town's new senior housing projects in his speech. (Community News Weekly, NY)
Panel tackles Tenn. tax changes Jul 17, 2009
Some state business taxes may increase, but businesses also can expect a new set of economic incentives to stimulate growth, a panel of tax experts told business owners today during a panel discussion. Many of the changes are being implemented due to new laws enacted during the most recent legislative session, including a repeal of the tax exemption for family-owned commercial real estate properties, commonly known as FONCE.. (Nashville Business Journal, TN)
Golf Tax? State Lawmakers Might Exclude Game Jul 17, 2009
He said the Senate wanted to lower business taxes but extend the sales tax to services, including recreation. The legislature on Wednesday passed another continuing resolution extending budget deliberations until July 31. (The Pilot Newspaper)
House plan boosts taxes on rich to 20-year high Jul 16, 2009
Republicans argue that the tax increases would hurt small business owners who typically pay their business taxes on their individual returns. The moral thing to doRep. (MSNBC -- Health)
