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Taxes, taxes
16 hours ago ago from Hattie's Web
As part of the Lingle after me the deluge agenda for Hawaii, she now has hit upon a way to wreck not only the state government but the county governments as well. She wants to take the county share of hotel tax money and use it to pay off the state debt. Lingle’s other major revenue-generating idea would add six new tax programs — all requiring Legislature approval — to the 2011 fiscal year budget that would scrape together $178.3 ...
Related contentTime for Kansas to Make Budget Choices Is Approaching
13 hours ago ago from Kansas Watchdog
A Review of Significant State Tax Changes During 2009 , a report by the Tax Foundation released yesterday, outlines budget choices states are making as the recession continues to cut into tax revenues. According to the report: Six states raised general sales tax rates. 17 states increased excise taxes on cigarettes. Five states increased rates of alcohol excise taxes. Nine states increased individual income tax rates. Five states reduced ...
Related contentGovernment lien tax foreclosure sales: who is next?
21 hours ago ago from Internet Income Coaching
Government lien tax foreclosure sales are a legal way for the local, state and federal government to collect back taxes that are owed by the owner of the property that is for sale. This is a last resort the government has in collecting back taxes. It is not the preferred method but as the recession keeps going on strong this year, the number of lien tax foreclosures will continue to rise. Once the process of foreclosure commences, the ...
Related contentTax Lien Properties: It’s just a source of income not owning property
19 hours ago ago from chow chow pets.com
By investing in tax lien properties, an investor will receive a good return with minimal risk. This is done by an investor purchasing a tax lien certificate. A tax lien certificate is proof that the holder has a legal claim to the taxes that are owed by a property owner. The lien is first placed on the property by the government for non-payment of taxes. This lien is then auctioned off at a public auction. The auctions are held once ...
Related contentStill in Denial : N.J. Leads Municipal Bond Downgrades as Aid Shrinks
15 hours ago ago from The Ridgewood Blog
http://www.bloomberg.com/apps/news?pid=20601109&sid=apo6dN1UXF54&pos=11 Dec. 22 (Bloomberg) -- Bond ratings of New Jersey towns and cities are being reduced faster than in any other state as property values slide 11 percent and Governor Jon Corzine lowers municipal aid to cope with a $1 billion budget deficit. Moody’s Investors Service cut ratings on $592 million in general obligation debt issued by 14 municipalities since October, about ...
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Thousands May Incorrectly Be Using Stimulus Tax Breaks
6 hours ago ago from The New York Times
Thousands of American taxpayers incorrectly claimed more than $500 million in tax benefits under the Obama administration's tax break for first-time home buyers, a government watchdog report said Tuesday. That finding was one part of a report by the inspector general for tax administration that said the Internal Revenue Service does not know whether the majority of the $312 billion in tax breaks available through the American Recovery and ...
Related contentWis. court won't review tax ruling against Xerox
22 hours ago ago from U.S. News
Wis. court won't review tax ruling against Xerox MADISON, Wis. (AP) -- The Wisconsin Supreme Court is letting stand a lower court decision that Xerox Corp. must pay property taxes on some office equipment leased to customers. Xerox argued that stand-alone devices that can print, copy, fax and scan should be considered computers and therefore exempted from property taxes under state law. A state appeals court in July ruled the devices are ...
Related contentState Unemployment Funds Going Bankrupt in Recession
21 hours ago ago from Politics Daily
The recession has sent 25 state unemployment funds into bankruptcy, and the Department of Labor predicts the number will reach 40 in the next two years, the Washington Post reports . States whose jobless funds have already dried up have borrowed $24 billion from the federal government to cover the gaps, and a total of $90 billion will be needed to keep the funds operating by 2011. Unemployment programs are funded by a payroll tax on ...
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