Look at the numbers Nov 8, 2008
skooter wrote on Oct 28, 2008 7:52 AM:" You are exactly right - taxes are ALWAYS a redistribution of wealth. I did not hear cries of socialism in 2000 when the wealth was pushed farther upward and given to the already wealthy through tax cuts, cap gain & estate tax cuts. That obviously hasn't worked over 8 years. Its time to reverse that trend and the great run the wealthy had at our expense, and put a little more money in the pockets of the middle class, the economic engine of this country.... (Helena Independent Record, MT)
Business Briefs Nov 8, 2008
In addition, he has experience in complex partnership operations, multi-state income tax, cost segregation, and estate tax issues. Wiese has a Bachelor of Business Administration degree in accounting from the University of Wisconsin Eau Claire and a Certificate in State and Local Taxation from the University of Wisconsin Milwaukee. (Chippewa Falls Chippewa Herald, WI)
Letters for Friday, October 31, 2008 Nov 8, 2008
For estates valued at 2 million or less - surprise - no estate tax even applies. This inequity makes sense given the rich generally don t play the lottery. (Missoulian, MT)
What Obama Win Means For Health Care Nov 6, 2008
Obama has said he would pay for his plan by rolling back President Bush's tax cuts on people making more than $250,000 a year and keeping the estate tax at 2009 levels, but he has not been more specific. He has not provided a timetable for seeking his proposed reforms and has not said if he would present a comprehensive health care reform package or try for incremental change. (CBS News)
How will Obama tax plans work in this economy? Nov 6, 2008
Estate tax: Make the 2009 rules permanent - no tax on estates less than $3. 5 million per person or $7 million per couple. (San Francisco Chronicle -- Business)
Budget is negative Nov 6, 2008
The townships real estate tax levy of nine-tenths of a mill will remain in place in 2009. Oldt says his plan to reduce or eliminate real estate tax cannot happen. (Carlisle Sentinel, PA)
LETTERS: NCT, Nov. 5, 2008 Nov 6, 2008
HotJobs Local Search. Clausen's welcome-home parade. (North County Times)
Who should get school money?Greatest U.S. presidents? Nov 6, 2008
he saw the immorality of the estate tax and tried to have it appealed. Perhaps his greatest legacy was that he won the cold war with the Ruskies made you proud to be an American again. (Atlanta Journal-Constitution)
The Candidates and Retirement: A Quick Overview Nov 5, 2008
The current 2008 estate tax law provides for families to pass up to $7 million onto heirs tax-free. Obama would like to make the current 2009 estate tax rates permanent ... However, because the estate tax is such a large source of revenue for the government, taxes would need to be raised in other areas to account for the deficit that a 15% estate tax would create. (Fox News)
Aldermen Vote to Amend Agreement With Plaze Nov 5, 2008
Last month the board of aldermen passed an ordinance that accepted a Chapter 100 Bond agreement between the city, Bethel Properties, Inc. and Plaze, Inc. Under the agreement, the city will waive property and real estate taxes for an industrial prospect in order to create new jobs ... Also under the agreement, Plaze would be responsible for payments in lieu of taxes (PILOTs) equivalent to 50 percent of the personal property and real estate taxes over a 20-year period ... According to figures... (Missourian Publishing, MO)
Obama: What he stands for Nov 5, 2008
Obama wants to lessen the bite of the estate tax. And he supports protecting the middle class from the Alternative Minimum Tax. (CNN)
GOODBYE GROWTH Nov 4, 2008
Later in the 1990s, he cut capital-gains taxes and the estate tax, earning the condemnation of his former Secretary of Labor Robert Reich for "the largest federal tax cut on higher income since Ronald Reagan.". Clinton himself remarked sarcastically: "We're the Eisenhower Republicans here, and we are fighting the Reagan Republicans. We stand for lower deficits and free trade and the bond market. Isn't that great?" For the economy, the answer to his frustrated rhetorical question was undeniably... (New York Post -- Opinions)
Rich Lowry: Clintonism is Reaganism Nov 4, 2008
Later in the 1990s, he cut capital-gains taxes and the estate tax. The deregulatory thrust of the Clinton years has frustrated opportunistic attempts to pin financial deregulation solely on Republicans. (Sacramento Bee -- Opinion)
Voters Picking President, Fixes for Economy Nov 4, 2008
McCain, meanwhile, would make the Bush tax cuts permanent, cut the corporate, capital-gains and estate tax rates, repeal the alternative minimum tax, and create a new tax credit to allow people to purchase health care. Both Obama and McCain also have pitched expensive plans to tackle the current economic crisis. (SmartMoney)
Senate Rejects Flag Desecration Amendment Nov 4, 2008
GOP congressional leaders have offered up several measures in recent weeks that are important to their conservative political base -- including an amendment banning same-sex marriage and further cuts in the estate tax -- culminating with yesterday's vote on flag burning. Polls show that most Americans want flag desecration outlawed, and the amendment's proponents said they were trying to stop justices from thwarting the public's will. (Yahoo News -- Civil Liberties)
Your Money: Changes in financial world affect estate planning (14) Nov 3, 2008
If the land continues to inflate, if and when will your investments return to value, who will have to pay income taxes on their inheritance, will estate taxes be involved ... Perhaps you need to look at trusts, gifts or transfers of value today to avoid estate taxation or Medicaid attachment ... All the information you study year-to-year needs to be implemented into your overall estate plan which entails retirement income planning, income tax planning, estate tax avoidance, a balance sheet... (Sioux Falls Tri-State Neighbor, SD)
Obama vs. Jobs Nov 3, 2008
Third, with the estate tax, Obama is calling for a top tax rate of 45 percent on estates valued above $3. 5 million, producing an estimated "death tax of $675,000 on an estate of $5 million. You re kidding, he said. They took half my income on the way up and now they want another half when I die? He estimated that his business is already valued at over $3 million, in addition to the value of his home and investments. Why, he asked, would I want to grow to 100 employees? What ll stop them from... (Human Events Online)
Whereto vote Nov 2, 2008
Other acceptable documents include: real estate tax bills, residential leases, utility bills less than 90 days old, bank statements, or paychecks. People can also go to their local municipal office and bring in one document with proof of residence. (Racine Journal Times, WI)
E. Rockhill residents could see 28 percent tax hike Nov 1, 2008
475 mills, a homestead assessed at the township average of $38,000 would pay about $246 in township real estate tax next year ... The real estate tax increase is intended to prevent East Rockhill from using its cash reserves, which Anne Klepfer, the township manager, said she will need to continue progress on reducing the amount of money the Township borrows annually with its tax anticipation note ... The tax anticipation note is a borrowing of money the township has done each year for many... (Springfield Sun, PA)
Candidates discuss on natural gas tax Nov 1, 2008
The Pennsylvania Supreme Court ruled in 2002 that state law does not allow counties, schools and municipalities to impose a real estate tax based on the value of the subsurface oil and gas rights. "> Curious? Search ScoutPA. lect> Your online website and business directory. Daily American Archive Search Search for an Event Search our Classifieds ? Candidates discuss on natural gas tax By VICKI ROCKDaily American Staff Writer Friday, October 31, 2008 10:38 PM EDT The two candidates for the 69th... (Somerset Daily American, PA)
Briggs and Morgan launches crisis practice Nov 1, 2008
Briggs and Morgan launches "market crisis" group - Minneapolis / St. Paul Business Journal. for free extra services. (Twin Cities Business Journal, MN)
Spread It Around Nov 1, 2008
The federal estate tax we have today came in 1916 ... Unlike George W. Bush, John McCain supports the retention of an estate tax (he favors reducing it to 15 percent on estates above $5 million). (Slate)
Read Declan McCullagh's Lips: No New Taxes Oct 30, 2008
The Revenue Act hiked co 00000DA3 rporate income taxes, doubled the estate tax, and raised the top personal income tax rate to 63 percent. Wartime excise taxes were revived, and new taxes were slapped on gasoline, tires, cars, telephones, bank checks, electricity, toiletries, jewelry, stock transfers, and so on. (CBS News)
Congressional race kicks into high gear Oct 30, 2008
Schock also favors eliminating the estate tax. He said the estate tax has the possibility to be devastating to small farms ... Callahan also differs on the estate tax. (Pekin Times, IL)
Dieckhaus, Cunningham Vie for 109th District Seat Oct 30, 2008
Ultimately, he said, "it's going to be at the feet of the voters. "We're going to have to find a new revenue stream," Cunningham said. "We're entering the phase now of having to pay for the borrowing for MoDOT." He suggested that that an economic stimulus package by the federal government should be used for a jobs program directed at transportation projects. Any new revenue stream, however, must be tied to the state of the economy, Cunningham stated. On public education, Dieckhaus said he would... (Missourian Publishing, MO)
Clarence attorney leads law firm overseas Oct 30, 2008
for free extra services. Subscribe to Business First. (Buffalo Business First, NY)
McCain: On Taxes Oct 29, 2008
McCain supports a flat 15% estate tax rate with an individual exemption of $5 million and $10 million for married couples. Candidates' Tax Plan Comparison. (Fox News)
Nixon Peabody expands to France Oct 29, 2008
for free extra services. Subscribe to The Business Review. (Albany Business Review, NY)
Associated Estates Realty Corporation Reports Third Quarter Results Oct 28, 2008
Investors are cautioned that the Company's forward-looking statements involve risks and uncertainty, that could cause actual results to differ from estimates or projections contained in these forward-looking statements, including without limitation the following: changes in the economic climate in the markets in which the Company owns and manages properties, including interest rates, the ability of the Company to consummate the sale of properties pursuant to its current plan, the overall level... (PR Newswire)
> Ed Tinsley Oct 28, 2008
The estate tax should be completely repealed. I m a believer in business stimulus, not individual stimulus. (New Mexico Business Weekly, NM)
State considers adding natural gas to the tax rolls Oct 27, 2008
But in Pennsylvania, the Supreme Court ruled in 2002 that state law did not allow counties, schools and municipalities to impose a real estate tax based on the value of the subsurface oil and gas rights held by exploration companies. An appraiser's study presented last year during a House Finance Committee hearing estimated that the court's decision had cost Greene, Fayette and Washington counties up to $30 million in county, school and municipal tax revenue. (Erie Times-News, PA)
Making dollars and sense of candidate's tax plans Oct 26, 2008
He supports much deeper cuts in the estate tax than Obama. The nonpartisan Tax Policy Center has analyzed both candidates' plans and concluded they would have dramatically different effects across the income scale. (Milwaukee Journal Sentinel)
Obama vs. McCain: It's About Your Money Oct 26, 2008
Estate Taxes and AMT ... McCain has proposed a 15% estate tax (down from the current 45%) on roughly 0. (Wall Street Journal)
State CPA funding decreased Oct 26, 2008
The CPA's funds are generated from two sources, a town real estate tax surcharge (in Cohasset it s 1 ... CPA funds are generated from two sources, a town real estate tax surcharge (in Cohasset 1. (Cohasset Mariner, MA)
SJC rules funds can't go to park improvements Oct 25, 2008
The act was enacted in 2000 and allows communities to vote on whether to adopt a 1 percent to 3 percent real estate tax surcharge. Money collected locally is matched by the state from a trust fund subsidized through $10 and $20 transaction fees imposed statewide at the Registry of Deeds. (Boston Globe)
McCain becomes Bush Oct 25, 2008
patriot wrote on Oct 23, 2008 7:48 AM:" Milton,Add your name to the list of people who can't do their own research but leave it to factcheck.org. Whether or not it is a non-partisan group is not relevant. Try reading/research and doing your homework to make an informed decision. Your facts are skewed in the direction you want them to be, one can make the case go either way depending on your interpretetation. How do you suppose Obama will be able to pay for all his additional entitlement... (Helena Independent Record, MT)
Community Notes (Oct. 23) Oct 24, 2008
A NEW ONLINE PAYMENT OPTION is available for the fiscal 2009 real estate tax bill ... Pay 2009 Real Estate Tax Bills ... At this time, this payment option is set up to accept 2009 real estate taxes ONLY, and WILL NOT be available after 4 p.m. on Nov. 3. (Dover Sherborn Tab, MA)
Brown lawyers plan settlement Oct 24, 2008
Judge Jack Early of the 2nd Judicial Circuit Court agreed Thursday to take under advisement the issue about a confidentiality order concerning the estate tax returns. "We've got to get a copy of the estate tax return, and we've had a hard time getting it from the (personal trustees) because they're all enmeshed in a suit in federal court," said Robert Rosen, the attorney for Tomi Rae Brown. (The Augusta Chronicle)
Keeping a 'death tax' alive Oct 24, 2008
Perhaps the greatest public relations coup of this decade was the successful persuasion of millions of Americans that repealing the estate tax was a populist cause ... A new study by the Tax Policy Institute estimates that the estate tax backed by Obama would bring in $116 billion from 2010 to 2014, while the McCain plan would bring in $27 billion ... To those who support an estate tax that bites the very rich, it is an issue of sharing the burdens of a free society by imposing a progressive tax... (International Herald Tribune -- Business)
Opposing Viewpoints: Taxes Oct 23, 2008
To help families keep their business, McCain proposes trimming the Estate Tax to 15 percent and permitting a $10 million exemption. John McCain's tax policies encourage innovation and ambition in American businesses, instead of punishing business and decreasing competitiveness, during a time when business needs the extra support. (The Daily Universe, UT)
Pennridge assesses financial status amidst national crisis Oct 22, 2008
The real estate tax is the largest revenue in the district's budget, and collection rates in September were similar to previous years ... Interim real estate tax, for new construction only being taxed for a portion of the year, was difficult to estimate as it was still early in the school year, Reinhart said ... Gaming revenues are also down in Pennsylvania, which Reinhart said will have a direct effect on the real estate taxes being paid in the district. (Springfield Sun, PA)
Law firms create teams to target bailout business and client opportunities Oct 21, 2008
The firm has had a special asset task force, a real estate tax force and other special groups for several years. We are at a crossroad, Steinman said. (Tampa Bay Business Journal, FL)
Plumbing the Candidates’ Tax Plans Oct 21, 2008
Senator McCain will make the Bush tax cuts permanent, with the exception of the estate tax, the study notes ... Both plans recognize the harmful effects and unfairness of the estate tax. (Human Events Online)
Comptroller’s report paints grim picture Oct 21, 2008
3 percent, due largely to estate tax receipts in July. Consumption taxes, including sales taxes, increased less than one percent versus the first six months of fiscal year 2007-08. (Catskill Daily Mail, NY)
Thought for the day Oct 20, 2008
Bill Gates father representing a group of them appeared before Congress arguing against eliminating the estate tax, for example. Warren Buffett recently testified he wan t taxed enough. (Atlanta Journal-Constitution -- Opinion)
Stewardship and the Lincoln Apartments Oct 19, 2008
And so, Hingham real estate tax funds will not be required to purchase or operate the Apartments. Finally, this property is likely to produce significant income for the town when the mortgage is paid down. (Hingham Journal, MA)
Bush Switching Priority From Social Security to Taxes (Update1) Oct 19, 2008
The tax panel has heard a wide range of politically popular options for changes, from repealing the estate tax and expanding tax-exempt savings accounts to increasing tax breaks for parents. Repealing the alternative minimum tax, which is projected to affect 40 million Americans with incomes as low as $50,000 by 2010, would cost between $600 billion and $1. (Yahoo News -- Social Security)
McNerney, Andal in close race in 11th District Oct 18, 2008
-- Taxes: Andal said he would oppose any new tax hikes; McNerney said he supports tax breaks for the middle class but not the very wealthy, and backs the end of the estate tax and the so-called marriage penalty. -- Domestic drilling: Andal wants to open up U.S. land to more drilling and opposes the 50-mile restriction on drilling offshore; McNerney said oil companies should take advantage of the leases they already have for oil exploration on 68 million acres of U.S. land before new areas are... (San Francisco Chronicle -- Politics)
Mutual Funds &Personal Finance Oct 18, 2008
But such gifts do reduce your estate tax exemption. If Ken Palmer makes $100,000 of gifts using his lifetime exemption, his estate tax exemption will be cut by $100,000. (Investors Business Daily)
Small business owners election guide Oct 17, 2008
Estate tax: Collect 15 percent tax on estates worth more than $5 million ... Estate tax: Collect 45 percent tax on estates worth more than $3. (MSNBC -- Politics)
* Cabinet approves deductions and gift, estate tax rate cuts Oct 17, 2008
Cabinet approves deductions and gift, estate tax rate cuts ... The proposal also raises the estate tax exemption from NT$7 ... Lowering the rates will attract more capital into the country because wealthy people wont bother depositing money abroad to avoid paying taxes if the cost of tax evasion is equivalent to their estate tax and gift tax, Lee said. (Taipei Times, Taiwan)
Letters: Oct. 16 Oct 17, 2008
It would apply to those over 65 with less than $60,000 in family income and if their real estate tax is more than 10 percent of their income. Have our town officials decided to embrace this or just continue tightening the vise. (Wellesley Townsman, MA)
TAX PLANS: Here's what Obama, McCain are talking about Oct 17, 2008
For 2008, the top estate tax rate is 45% for estates that exceed $2 million ... Unless Congress acts, the estate tax will disappear in 2010, then rise from the grave in 2011 with a $1 million exemption and a top tax rate of 55 ... 5 million from estate taxes, and would impose a tax rate of 45% on estates that exceed that amount. (USA Today -- Money)
To rent or not to rent - tax is the question. By Paul Windsor Oct 17, 2008
To rent or not to rent - tax is the question. By Paul Windsor - 17 Oct 2008. (Accounting Web, UK)
DONT claims win vs. DID Oct 16, 2008
Justin Walters is spokesman for DONT, Downtown property owners Opposed to New Taxation, which spoke out against funding a DID with a special assessment on property owners beyond the regular real estate tax. We thought it was a bad proposal from the onset, said Walters, who owns and operates J.W. Music on North Hanover Street. (Carlisle Sentinel, PA)
City Finalizes Deal With Plaze to Build Plant Oct 16, 2008
The board of aldermen passed an ordinance that accepted the Chapter 100 Bond agreement between the city, Bethel Properties, Inc. and Plaze, Inc. Under the agreement, the city will waive property and real estate taxes for an industrial prospect in order to create new jobs ... Under Chapter 100, personal property and real estate tax for the new plant would be waived for every taxing entity including the Union R-XI School District, East Central College, Union Fire Protection District, Union... (Missourian Publishing, MO)
LETTERS: NCT, Oct. 15, 2008 Oct 16, 2008
QUOTE: "Repealing a portion of the Bush tax cuts for families over $250,000 while continuing to leave their taxrates at or below where they were in the 1990s:o Ordinary Income: The top two income tax brackets would return to their 1990s levels of 36% and39.6%. All other tax brackets would remain as they are today. Obama would also restore the 1990slevels for the personal exemption and itemized deduction phaseouts (known as PEP and Pease).Obama would work with the Treasury Department to... (North County Times)
Apartment project gets new life Oct 16, 2008
The developer's agreement states the TIF is to be taxed as a general real estate tax, and annual tax increments collected are to first pay the principal and interest on the tax increment bonds. All other increments collected goes towards paying the principal and interest of special assessments levied on the TIF.. (Williston Daily Herald, ND)
The Debate: Obamas Real Flaw Oct 16, 2008
McCain seems to be unable to rattle off all the taxes Obama has promised to raise that will affect everyone one way or another: the dividend tax, the capital gains tax by almost double (though he now says hell do less), the FICA tax cap on every employee, the estate tax and most important, he promised to let the Bush tax cuts expire in 2010 which will cause a massive, automatic tax increase. (Oops, now Obama says he may keep the tax cuts. (Newsmax)
Chicago To Shut Down Government To Save Cash... Oct 15, 2008
No real estate tax increase - but look for increase in parking tax and amusement tax on sporting events and theater. . (The Drudge Report)
McCain pushes capital gains cut, deposit insurance Oct 15, 2008
McCain also supports keeping President Bush s tax cuts in place, reducing corporate income taxes from 35 percent to 25 percent and maintaining current rates for the federal estate tax. The Arizona senator also wants to double the child tax credit from $3,500 to $7,000 and said the federal government should use the $700 billion Wall Street bailout to buy and rework bad mortgages. (Phoenix Business Journal, AZ)
Senate Rejects Flag Desecration Amendment Oct 15, 2008
GOP congressional leaders have offered up several measures in recent weeks that are important to their conservative political base -- including an amendment banning same-sex marriage and further cuts in the estate tax -- culminating with yesterday's vote on flag burning. Polls show that most Americans want flag desecration outlawed, and the amendment's proponents said they were trying to stop justices from thwarting the public's will. (Yahoo News -- Civil Liberties)
Manlius Historical Society Oct 14, 2008
Robert Andersen gave report on real estate tax abatement and also about the society s Web site, manliushistoricalsociety. org that would soon be running smoothly. (Princeton Bureau County Republican, IL)
ESCONDIDO: School districts waiting for funds Oct 13, 2008
HotJobs Local Search. ESCONDIDO ---- More than two decades after Escondido created its redevelopment district, schools are still awaiting their share of funds. (North County Times)
Where the candidates stand on taxes Oct 13, 2008
McCain, a Republican senator from Arizona, has proposed extending the 2001 and 2003 tax cuts, increasing the exemption for dependents to $7,000, reducing taxes on corporations and setting the estate tax at 15 percent while excluding the first $5 million from taxes. He'd also cut corporate taxes from 35 percent to 25 percent. (Ames Daily Tribune, IA)
