Analysis: Lincoln keeps Obama at arm's length Mar 22, 2009
And she says she's worried about a proposal in Obama's budget to reduce the tax deductibility of charitable gifts by households in the highest tax brackets. Lincoln may also be able to put some distance between her and Obama through her leadership role with the Moderate Dems Working Group of 15 moderate Democrats in the Senate. (Pine Bluff Commercial, AR)
If you're laid off, don't be laid low: Get up, get jobless pay, hunt jobs Mar 17, 2009
On a $10,000 withdrawal, for instance, the total tax and penalties in some tax brackets could add up to $4,250. That's a stiff price to pay. (Fresno Bee -- Business)
PM rips into Liberals behind closed doors Mar 16, 2009
He twice pointed disdainfully to tax hikes U.S. President Barack Obama introduced for the highest tax brackets. Mr. Harper urged the crowd not to forget that Conservatives being in power has made an enormous difference. (Globe and Mail)
Budget lessons not learned Mar 14, 2009
We again urge the state to take a more straightforward approach to its fiscal problems: Trim the fat, fix the barely progressive income tax brackets and tax wealthier New Yorkers who can afford to pay more in tough times. Sound fiscal policy is more much more than spending found money. (Albany Times Union)
Legislators look for new sources of tax revenue Mar 1, 2009
Among the possible additions are increased tax brackets for those making 125,000 or 150,000, a minimum tax for those make more than 125,000 a year and a decrease in the amount of federal taxes that can be deducted from state taxes. With billions of dollars in lost revenues, legislators have said they ll have to match painful program cuts with new ways to raise money. (Coos Bay-North Bend The World, OR)
Recovery act offers some tax breaks Mar 1, 2009
If you're in the lowest two tax brackets, capital gains are potentially nontaxable. Not that most people will have capital gains this year, right. (Boston Globe)
LETTER: Republicans had chance to accept compromises Feb 27, 2009
McCain's plan would have cut the bottom two income tax brackets and lowered corporate income taxes. It also would have extended unemployment benefits and provide money to repair and replace military equipment worn out in Iraq and Afghanistan. (Mattoon Journal-Gazette, IL)
GOP adrift on claim Feb 27, 2009
Obama is proposing to raise taxes on households earning over $250,000 by increasing the rate on the top two tax brackets and limiting deductions, starting in 2011 ... The analysis estimated that 663,000 taxpayers who report business income or losses fall in the two tax brackets whose rates would go up under Obama. (AZCentral -- News)
Obama Creates Health Care Piggy Bank Feb 26, 2009
At the centerpiece of the plan is a call to gradually reduce the value of itemized deductions that those in the highest tax brackets can take for things like mortgage interest and charitable contributions. Separately, Obama will also propose to extend his tax cuts for most Americans and pay for them with the revenue he would get from polluting industries. (Slate)
R-P superintendent lobbies for federal funds to build school Feb 26, 2009
The cost would put residents still struggling to recover from damaging floods in 2007 into one of the highest tax brackets in the state, Ehler said. Rushford-Peterson has an ally in Walz, who pointed Tuesday evening to southern Minnesota s potential growth in many of the areas Obama focused on in his speech, including education. (Winona Daily News, MN)
Trading in gold ETFs of greater interest Feb 25, 2009
When the delivery takes place, gains or profits is treated as a business income and taxed according to appropriate tax brackets. And, if the contract is settled without the delivery, proceeds are treated as an income from speculation and are taxed under short-term capital gains. (India Times)
Jindal to Turn Down $100 Million in Stimulus Funds Feb 23, 2009
I think the best thing they could've done, for example, was to cut taxes on things like capital gains, the lower tax brackets, to get the private sector spending again. I think they had a provision the net operating losses to help small businesses. (Newsmax)
Nightmare on Stimulus Street Feb 23, 2009
House conservatives championed an alternative plan that would have lowered the bottom two tax brackets, patched the pesky Alternative Minimum Tax, promoted private health insurance and cut taxes for struggling businesses. Instead of more slow-moving, wasteful government spending, we must employ the time tested method of pro-growth tax relief, Rep. (Human Events Online)
NY Dems propose hiking personal income tax Feb 18, 2009
The bills would create three new tax brackets with personal income tax rates higher than the current maximum of 6. 85 percent. (Albany Business Review, NY)
Manuel on the money Feb 16, 2009
As in previous years, the minister adjusted the tax tables for individual taxpayers for 2009 in order to allow for the fact that inflation pushes us into higher tax brackets which has the effect of upping our average tax rate if no adjustment is made. No real relief. (iAfrica.com)
Budget 2009 - the good and bad Feb 12, 2009
Tax brackets have also been adjusted to keep pace with inflation. Those with an annual taxable income below R150 000 will receive the bulk of the relief. (Business Report, South Africa)
State already has plans for stimulus money Feb 11, 2009
Meanwhile, some Senate Democrats said what New York needs to protect its schools is more taxes specifically a rewriting of the income tax brackets so New Yorkers earning over 250,000 a year pay more to avoid cuts to schools and hospitals. Gov. David Paterson tried to slam the door on both. (Auburn Citizen, NY)
A state budget built on hope Mar 31, 2008
"Our tax brackets are rather compact. You hit the top rate at a relatively low number.". 1. (Albany Times Union)
O'Malley calls for repeal of tech tax Mar 15, 2008
O'Malley's stance could be a boon for a recent proposal gaining momentum that would create two new tax brackets for earners of at least $750,000 and $1 million, expected to generate $230 million. "I really hope that they will look at the alternatives in terms of the revenues and particularly for people that make a million dollars or more," O'Malley said, according to the. (Baltimore Business Journal, MD)
Gingrich: 'Ferraro's remark was silly, childish -- and true' | Political Insider Mar 15, 2008
Mondale stated very clearly that yes taxes would be going up if he was elected, and that Reagan would raise them too - which he did, except for the highest tax brackets, their s stayed the same. The result of that move by Reagan, actually caused the economic downturn that did in the first Bush, which got Bill Clinton elected. (Atlanta Journal-Constitution -- Travel)
Opinion: New school initiatives are crucial and affordable Mar 6, 2008
But still, many of us have concern for our lower-income elderly neighbors who live in smaller homes with a value of $565,000 or less and are on a fixed income (in the 0-15 percent income tax brackets). The marginal difference between a $3. (Brookline TAB, MA)
Battling the stigma of free lunches Mar 5, 2008
00 severance package, which was not too shabby, however, you can guess how that shoved us up to higher tax brackets, we didn t see half of it. I even called our state senator and asked is there not some provision to allow people in this situation to keep that money to prevent from having to go broke and his reply was, wow, I have never thought of that maybe I will have to look into that. (Atlanta Journal-Constitution)
Raiding retirement leads to big tax bills Mar 2, 2008
3 percent state tax brackets, so the income tax alone was nearly $10,300. Because the wife is younger than 59 1/2, they also owed a 10 percent federal and 2. (San Francisco Chronicle -- Business)
Salary sacrificial lambs Feb 29, 2008
While each year about an extra $4200 has gone into your super (before contributions tax), you have lost less than $3000 from your pay packet (and that figure will be much lower on higher tax brackets). Better still, it has you over the line for a comfortable retirement. (Sydney Morning Herald -- Business)
Education cuts undermine our future Feb 25, 2008
Avis wrote on Feb 25, 2008 7:54 AM:" Why does Kentucky have a poor education system? Taxes. Our state has some of the lowest tax brackets around. Especially for a "Commonweath" state. Our primary source for education funding is property tax. I pay roughly $100 a month in property taxes. A house similar to this in most states I would be paying 3-4 times that in monthly taxes. Because we are shorting the funding here we minimize how much we can pay teachers and support to various educational... (Elizabethtown News Enterprise, KY)
Why Democrats should love the FairTax Feb 24, 2008
The beauty of the FairTax is that taxing wealth at a 23 percent rate generates enough revenue to reduce workers' marginal tax brackets to 23 percent. This is dramatically lower than the 30 percent to 45 percent marginal tax bracket confronting most workers under our combined income and payroll taxes. (Boston Globe)
Couple's future tied to home business Feb 23, 2008
The children will be in lower tax brackets, Ms. Mastracci notes. To make this family's hopes turn into reality, Dan has to make his business work, Mr. Mastracci says. (Globe and Mail -- Business)
No major tax reforms seen Feb 19, 2008
There are a number of standard issues that will appear in the Budget, including an allowance for bracket creep (fiscal drag) to compensate taxpayers for being pushed into higher tax brackets because of inflation, an increase in the threshold before income tax becomes payable and an increase in the tax threshold for household savings ... "Personal income tax relief is likely to be limited. The top marginal tax rate should remain unchanged at 40 percent. However, there will be the normal... (iAfrica.com)
Letters to the Editor Feb 5, 2008
Readers write about credit loans for the higher tax brackets, changes in the National Guard and Reserves, world sports capitals, and the virtue of "flip-flopping.". from the February 5, 2008 edition. (Christian Science Monitor)
Don't Jump Gun And Use Wrong Forms From IRS Feb 5, 2008
The flawed forms that can impact many taxpayers, including those in higher tax brackets, are. Schedule 2, Form 1040A, Child and Dependent Care Expenses. (Investors Business Daily)
Economic Fallacies -- Interview with Thomas Sowell Feb 2, 2008
But of course its also true that if you look at the income tax brackets, the distance of the top bracket from the lowest bracket has increased ... But of course its also true that if you look at the income tax brackets, the distance of the top bracket from the lowest bracket has increased. (Townhall.com)
Students volunteer services at tax clinic Feb 1, 2008
The business department will host tax clinics again at the Brainerd Recreational Center for students and their families in low income tax brackets, Ann Wilkins, assistant professor of accounting, said. Melanie McCoskey, professor of accounting, is the coordinator of the tax clinics. (The University Echo, TN)
Yankees Damon Gives Nod to Giuliani Jan 22, 2008
Drier then predicted that Giuliani s insight could take him all the way, and pointed to the former New York mayor s plan to simplify the tax system and reduce the number of income tax brackets from six to three. He s been doing this in an unconventional way, but he s been doing it by focusing on what it is that voters in Florida and across the country are concerned about, and that is the economy, making sure that we get this economy going, Dreier told FOX News. (FOXNews)
Governor Huckabee Responds to Frank Pastores Dear Huck Letter Jan 18, 2008
I doubled the standard deduction and the child care credit, eliminated the marriage penalty, indexed tax brackets to prevent bracket creep, reduced the capital gains tax for both businesses and individuals, and eliminated the capital gains tax on the sale of a home ... I doubled the standard deduction and the child care credit, eliminated the marriage penalty, indexed tax brackets to prevent bracket creep, reduced the capital gains tax for both businesses and individuals, and eliminated the... (Townhall.com)
Letters • Candidate Huckabee is the real deal Jan 18, 2008
He balanced the state budget five times, eliminating the capital gains tax for home sales, and indexed the state income tax to inflation, thereby keeping people from being forced into higher tax brackets. Most impressive of all, he left office with a budget surplus of more than $800 million. (The Augusta Chronicle)
High Fuel and Electricity Prices -- Made in Washington Jan 9, 2008
They are increasing the legal requirements to turn our food into fuel; they are banning Thomas Edison s famous light bulb; they are heavily subsidizing spectacularly inefficient solar-electric systems for the rich -- paid entirely by tax breaks useful only to those in high tax brackets; and they are increasingly embracing the mythical notion that ordinary Americans must use less energy to save the planet. So, the greatest industrial, technological, and scientific power the world has ever known... (Human Events Online)
Just Warming Up: Hey Wolf, do your job with emotion Jan 9, 2008
abelito wrote on Jan 8, 2008 4:41 PM:" I'll gladly relinquish my $500.00 Repuglican smokescreen "tax break" in exchange for the thousnds of dollars extra I lose each year in higher insurance fees and deductibles, higher gasoline prices and higher govt. contracted service fees brought to you by the the last, heavily right- slanted Repuglican Congress. It's cheaper to pay the higher tax than the much higher fees,...that is unless you are in that small priviledged group that's in the higher tax... (El Centro Imperial Valley Press, CA)
Sales tax rise a pain in the cash register Jan 3, 2008
Tax changes taking effect Jan. 1: INCOME TAX BRACKETS: While people who earn between $3,001 and $150,000 will continue paying a 4. 75 percent rate on their income taxes, three new tax brackets will are taking effect for people who make more than $150,000. (Sunspot.net -- Sports)
New Year Begins With Tax Increases for Maryland Jan 1, 2008
Three new income tax brackets affect single filers who earn more than $150,000 and joint filers who make more than $200,000 with new rates between 5 percent and 5. 5 percent. (ABC 7 News, DC)
Whitfield will again run for Congress Dec 26, 2007
Consistently supported efforts to reduce taxes including the elimination of the marriage penalty, termination of the death tax on farmers and small businessmen, a lowering of the income tax brackets, and an increase in educational and child care tax credits. Co-sponsored legislation to repeal the Government Pension Offset (GPO) and Windfall Elimination (WEP) provisions of the Social Security Act in order to protect Kentucky school teachers retirement. (Russellville News Democrat Leader, KY)
Local rebound: National home sales lagging, but outlook in tri-county area positive ... ‘Sorry' but it didn't happen: Kuhl, Massa agree on one thing: Challenger didn't apologize over criticism of Brazil trip ... Shared services facility considered: Town, village, fire department and school district would be involved in proposal ... Hornell native Tom McCarthy honored with aviation award ... ';var marqueewidth="350px";var marqueeheight="25px";var marqueebgcolor="#FFFFFF";////NO NEED TO EDIT BELOW THIS LINE////////////var pauseit=1;var marqueespeed=1 //slow speed down by 1 for NSvar copyspeed=marqueespeedvar pausespeed=(pauseit==0)? copyspeed: 0var iedom=document.all||document.getElementByIdif (iedom)document.write(''+marqueecontent+'')var actualwidth=''var cross_marquee, ns_marqueefunction populate(){if (iedom){cross_marquee=document.getElementById? document.getElementById("iemarquee") : document.all.iemarqueecross_marquee.style.left=parseInt(marqueewidth)+8+"px"cross_marquee.innerHTML=marqueecontentactualwidth=document.all? temp.offsetWidth : document.getElementById("temp").offsetWidth}else if (document.layers){ns_marquee=document.ns_marquee.document.ns_marquee2ns_marquee.left=parseInt(marqueewidth)+8ns_marquee.document.write(marqueecontent)ns_marquee.document.close()actualwidth=ns_marquee.document.width}lefttime=setInterval("scrollmarquee()",20)}window.onload=populate;function scrollmarquee(){if (iedom){if (parseInt(cross_marquee.style.left)>(actualwidth*(-1)+8))cross_marquee.style.left=parseInt(cross_marquee.style.left)-copyspeed+"px"elsecross_marquee.style.left=parseInt(marqueewidth)+8+"px"}else if (document.layers){if (ns_marquee.left>(actualwidth*(-1)+8))ns_marquee.left-=copyspeedelsens_marquee.left=parseInt(marqueewidth)+8}}if (iedom||document.layers){with (document){document.write('')if (iedom){write('')write('')write('')write('')}else if (document.layers){write('')write('')write('')}document.write('')}}Friday, December 07, 2007 Lynn BrennanTwo neighboring houses on Greenwood Street in Canisteo display ‘for sale’ signs in the front yards Sunday afternoon. The local housing market may be rebounding according to the most recent numbers released by the state Association of Realtors. Local rebound: National home sales lagging, but outlook in tri-county area positive Dec 7, 2007
There's not the return on them that there used to be, McManus said, adding tax depreciation on multiple-occupancy housing has diminished greatly and it used to be very easy for people in higher tax brackets to make money by receiving a depreciation exemption on their taxes and paying a much lower capital gains tax rate. McManus said a number of units are on the market now, but interest is limited because of the lack of immediate returns and the prices are still high on the properties. (Hornell Evening Tribune, NY)
If April 15 isn't on your mind, maybe it should be Dec 2, 2007
People in the bottom two tax brackets, generally this year with taxable income of up to $63,700 after deductions for a couple and $31,850 for a single filer, can get a bonus by waiting until January to cash in. Though their long-term capital gains tax for 2007 is just 5 percent, it's scheduled to drop to zero for 2008. (Boston Globe)
Feeling charitable? Nov 27, 2007
Individuals in the top tax brackets are more likely to donate. This chart shows an annual breakdown, based on IRS data for 2004. (USA Today -- Money)
Kathleen Pender helps adults deal with the kiddie tax trap Nov 21, 2007
To recap: The kiddie tax was designed to prevent parents from slashing their taxes by shifting lots of assets to their children in lower tax brackets. If a child under a certain age has unearned income that exceeds a certain limit, anything over that limit is taxed at the parents' tax rate. (San Francisco Chronicle)
So, Kevin, can you bat? Bowl? Pick a winner? Oct 21, 2007
Instead of current affairs show hosts trying score cheap points by asking Rudd to quote the tax brackets, mortgage rate or the price of a carton of milk, they could better serve the public interest by asking him The Don's batting average or how much it costs to box five horses in a trifecta. From some intensive research - yeah, I Googled it again - the signs are not very promising. (Sydney Morning Herald -- Sport)
Can Working Moms Afford To Quit? Oct 11, 2007
Income Taxes: Not only does a working spouse incur his or her own federal, state and FICA taxes, their income will effectively be taxed in the highest income tax brackets that apply to the couples combined income. Child Care: These costs vary by region, availability, and type of care delivery chosen. (CBS News -- Early Show)
LTE--Jeff Tyberg Oct 11, 2007
But last week, he and John Murtha co-sponsored a bill that would tie funding for our troops in Iraq and Afghanistan to a 2-percent tax increase on the lowest-income tax brackets and a 12-15 percent tax increase on the upper brackets. Not only is this petty grand-standing, since there's no more chance it will pass than timetables for withdrawal, but it would be economic suicide. (Chetek Alert, WI)
FLPS can preserve A family legacY Oct 7, 2007
Income may be shifted to family members who are in lower tax brackets than the donors. The tax-planning flexibility and limits on the rights of the limited partners makes FLP interests undesirable to potential creditors or divorcing spouses. (Seacoast New Hampshire)
There is no simple way to figure the amount of Social Security benefits that will be taxed Oct 6, 2007
One of my concerns is guessing how much we can withdraw from our IRAs each year without jumping too many tax brackets. I asked the IRS, but stumped them with the word "simple." Is there software we could use without having to buy official tax software each year. (Boston Globe)
Popularity of Outdoor Living Spaces Increases Oct 1, 2007
"Today's consumers in all tax brackets are creating their own outdoor living style, whether it's adorning their patio with floor lamps from a discount retailer or installing full-blown entertainment areas complete with fireplaces, plush seating and sound systems," says McCoy. "Living large outdoors is a luxury everyone is embracing.". (RealtyTimes)
Are we seeing US-style politics in Australia? Sep 20, 2007
Forgetting the tax brackets and having no understanding about the Australian tax system and/or having any fiscal credibility are two totally different things. How many other politicians or any australians for that matter could rattle the tax brackets off the top of their head ... Fair enough, you don't need to "rattle the tax brackets off their head". (Sydney Morning Herald -- Australia)
Hire Your Family, Reduce Your Taxes Sep 5, 2007
Shifting Income: Spreading income throughout family members can help move income to a lower tax brackets. This is especially true when hiring your children: a child can earn up to $5,350 -- the standard deduction -- without experiencing a tax liability. (RealtyTimes)
Why protest? Sep 4, 2007
" Posted by: David on September 4, 2007 1:19 PM Why do people think only ferrals protest? All the people that I know joining the protest are nurses, physiotherapists, teachers, doctors, small busniness owners and public servants. In fact I don't know even know one uni student that is protesting. But all my friends are festidious about their personal hygiene! Posted by: omnipotent eye on September 4, 2007 1:21 PM Protesting - what is honestly going to come of it apart from further disruption to... (Sydney Morning Herald -- Australia)
To reduce poverty, create more jobs Sep 3, 2007
Abolish the capital-gains tax on stocks and dividends for people in the bottom tax brackets to encourage them to invest and keep more of their gains. Actually, the capital-gains tax should be abolished for everyone because it has been achieved with money that was already taxed as income, but that faces huge political obstacles from the pro-tax, anti-growth Democrats in Congress. (Townhall.com)
Blogging for dollars Aug 27, 2007
That's several tax brackets away from the pocket change generated by most bloggers on self-service networks like BlogAds or AdBrite. Battelle founded the company in 2005 with angel investments from Omidyar Network, the New York Times, Mitchell Kapor and last year brought in , bumping the company's total haul to a few million. (San Francisco Business Times, CA)
Investing: Time to save? Aug 24, 2007
Still, for those in high tax brackets and taxes are unlikely to go lower muni bonds might translate into a good value. John Waggoner is a personal finance columnist for USA TODAY. His Investing column appears Fridays. (USA Today -- Money)
Is Universal Health Insurance On The Horizon? Aug 18, 2007
"We'll put more cash in your pocket because we require at the outset the employer to take your salary, plus the value of your benefits, and give that to you in compensation and we adjust your tax brackets. You'll have more choices for your health care. Right now even with good coverage, you get one plan.". Coverage 'melting like a Popsicle' And he said "you'll have lifetime security with our proposal. Today, even at good companies, coverage is melting like a Popsicle on the summer sidewalk.... (NBC 11, CA)
Self-interest over public interest Aug 2, 2007
Canadians in high tax brackets and the insurance industry. The full text of this article has 612 words. (Globe and Mail)
Who rides the bus? Jul 29, 2007
Getting residents in higher income tax brackets to turn to the CVTD at least once a week would dramatically enhance ridership and have a profound effect on the amount of congestion on roads, public transit backers say. We are concerned about our riders, and we want to make sure we re doing the best we can to meet their needs, Beutler said. (Logan Herald Journal, UT)
How can we fix Australia's housing crisis? Jul 27, 2007
It's good it's been reduced with increasing tax brackets, keep that going. There also needs to be far more visbility into infrastructure charges that are included in new development releases. (Sydney Morning Herald -- Australia)
Measures mean ballot decisions Jul 20, 2007
He said it's necessary to bring this measure directly to the people because the Legislature spent too much money during this past session and declined to lower tax brackets. Announced in May, his proposal immediately drew fire from leaders of both parties, including Gov. John Hoeven. (Bismarck Tribune, ND)
State leaders look at Md. income taxes Jul 19, 2007
State leaders are considering the first changes to Maryland's income tax brackets in 40 years to make them more progressive - and to help erase the state's projected $1 ... Maryland's income tax brackets were set in 1967 at $1,000, $2,000 and $3,000 and have not changed. (SunSpot.net)
Teacher's Salaries Jul 16, 2007
Pittsburgh, Philadelphia, and Columbus are all examples of cities that have relatively low(er) standards of living and tax brackets making them affordable cities for a new teacher ... However, the purpose of this article is to help and guide the new teacher not to become demotivate by beginning teacher salaries, rather to compare the salary benefits, the tax brackets and the cost of living in the state of your choice which will give you great peace of mind when you finally decide on a teaching... (Suite101.com)
Key to my heart Jul 6, 2007
not that u was selling yourself short but he was right being cute pretty and fine in ATL is like tax brackets alot of people are in the same bracket. smart men look for females with other write offs and earned income credits. (Atlanta Journal-Constitution -- Living)
Taxes: now or later? Jul 4, 2007
If you plan to fund your lifestyle with distributions from 401(k) plans and traditional IRAs, remember that these distributions will generally be taxed as ordinary income which could mean paying 35 percent or more to Uncle Sam down the road if today's tax brackets remain unchanged. The good news is that if you have a few years left before retirement, it's not too late to create a saving strategy that considers both your current and projected tax brackets. (Taylor Daily Press, TX)
