Will Snowe melt under heat from GOP base? Nov 11, 2009
Bill Owens also supports an estate tax exemption for up to $5 million, a threshold that will make sure family farms and small businesses in Upstate New York are not negatively impacted. He does not support increasing taxes on small businesses or middle class families that are already struggling during these tough economic times. (Atlanta Journal-Constitution -- Opinion)
Oklahoma Lawmakers Eye Tax Breaks Amid Shortfall Nov 10, 2009
Tax cuts scheduled to take effect next year include the final phase of repealing the state estate tax, which disappears in 2010, as well as another increase in the standard deduction for Oklahomans who do not itemize their income taxes, Blatt said. The standard deduction currently costs $685. (Newsmax)
Focus on Seniors: Estate tax could be around for a while Nov 8, 2009
This year, the federal estate tax exemption is $3 ... 5 million, it will not be liable for any federal estate tax ... 5 million, it will owe estate taxes starting at roughly 50 percent. (Florida Today)
Mihos urges tax cuts Nov 7, 2009
In addition, Mihos said he wants to eliminate the estate tax, cut the capital gains tax, decrease the income tax to 4 percent, cut filing fees for small businesses and take down tolls on the Mass. Turnpike. (Allston Brighton TAB, MA)
Regional Roundup Nov 7, 2009
Jerry McNerney introduces bill to cut estate taxes ... Jerry McNerney, D-Pleasanton, introduced legislation on Wednesday that would cut estate taxes for small businesses and family farms by more than 200 billion ... McNerney's bill would end the estate tax on farmlands that are transferred from one generation to another. (Lodi News Sentinel, CA)
Hontz, Truckenmiller, Bomberger victorious in area races Nov 5, 2009
Also on Tuesday, Turbotville residents voted, 60-48, to increase the borough rate for the real estate tax which is levied for fire protection. The rate will increase from 3 mills to 4. (Milton Standard Journal, PA)
Commissioners stand firm on load limits9:19 am | (No comments posted.) Nov 5, 2009
Approved real estate tax refunds on property in Kranzburg Township owned by Mike and Tera and Greg and Joan Gibson. The refunds amounted to slightly more than 700 for 2007 and 641 for 2008 and were granted because the assessments included buildings not owned by the Gibsons. (Watertown Public Opinion, SD)
Simpson cosponsors tax bill Nov 3, 2009
Washington, D.C. -- Idaho Congressman Mike Simpson is a cosponsor of H.R. 3095, the Estate Tax Relief Act of 2009, according to a press release. The legislation increases the estate tax exemption to 5 million per person and reduces the top rate to 35% in equal increments over ten years ... These family businesses produce about 86% of the U.S. agriculture products, and the estate tax threatens their livelihood. (Pocatello Idaho State Journal, ID)
Real estate tax bills due Nov. 2 Nov 2, 2009
The second-quarter fiscal 2010 real estate tax bill is due on Monday, Nov. 2 ... People can get copies of their real estate tax bills by calling 781-834-5548. (Marshfield Mariner, MA)
Lincoln First Woman to Head Senate Ag Committee (2) Nov 1, 2009
She received the Golden Plow Award in 2008, the highest honor AFBF presents to members of Congress, for her steadfast support of America s farmersWe know she will continue to be a strong voice for our industry and will continue as a consistent leader on key Farm Bureau issues such as those that relate to farm policy, the environment and estate tax reform. Stallman calls Lincoln a moderate Democrat. (Agri-View, WI)
DiPietro seeks re-election to council Oct 30, 2009
Malden enjoys one of the lowest real estate tax burdens in the surrounding area both for business and homeowners. Voted for the closing of the McFadden Manor, a heartbreaking vote to close one of the last city-owned nursing homes in the state brought on because of a crumbling facility and a $500,000 to $700,000 shortfall projected yearly that the city could not keep absorbing in these economic times. (Malden Observer, MA)
State's agriculture in spotlight at Farm Bureau meeting Oct 28, 2009
A proposed constitutional amendment regarding hometown democracy, water nutrient pollution standards, estate taxes and health care are among the bureau's top issues to be discussed, Hoblick said ... Estate taxes are another key issue for larger farmers and ranchers ... Congress in 2000 passed a law that gradually increased the estate tax exemption when property is inherited. (Daytona Beach News Journal -- Business)
Charlotte County Supervisors address vital issues at monthly meeting Oct 28, 2009
When he suggested a 200 real estate tax credit to certified members, Bailey approached the podium to point out some of the difficulties faced when looking for a way to reward crew members. He suggested making it mandatory to have a Firefighter I certification as well as being an active participant. (Brookneal Union Star, VA)
Wisconsin tax collections down Oct 28, 2009
According to the Revenue Department, because of the phase-out of the largest component -- the estate tax -- collections fell 75. 6 percent to $7. (Milwaukee Business Journal, WI)
Vote for fiscal discipline on Stafford's board Oct 28, 2009
It did this while keeping the real estate tax bill essentially flat ... It mitigates against raising real estate taxes to provide these services. (Fredericksburg.com, VA)
Don't begrudge older Americans their $250 payment Oct 27, 2009
As far as cost-of-living expenses decreasing, I have yet to see my real estate tax bill decrease (if anything, many people are paying more regardless of age). As for all of the struggles younger families are going through, we have already been there. (Boston Globe -- Editorial)
For Mercer freeholder Oct 26, 2009
Consolidating some of those positions, with salaries ranging from $39,000 to $59,000, would send the right signal to a county with the 19th highest real estate tax rate in the country. We believe that the current board of freeholders has served well and wisely, however, and we endorse Ann Cannon, Pasquale "Pat" Colavita and Dan Benson for another term on the board. (NJ.com -- Times)
Orion Bank late on taxes Oct 24, 2009
1:10 A.M. Orion Bank, already under heavy scrutiny by federal regulators, hasnt paid about $225,000 in real estate taxes on land it owns in Lee County, tax collectors data shows ... No Lee County-based banks have any unpaid real estate tax in the county, according to county tax collectors records. (The News-Press -- Business)
Group says Phila. tax cuts essential Oct 24, 2009
The real estate tax would be increased and government costs would have to be reduced to help make up the shortfall. Homeowners who live in their homes would be offered a tax exemption to help mitigate the impact of the tax increase. (Philadelphia Business Journal, PA)
Ps-s-s-t, do I have a deal for you! Oct 24, 2009
The President wanted rich families to pay an estate tax when they died, but he also wanted their children to pay a second levy, a new inheritance tax, when they inherited the money. Some members of Congress - those to the Presidents left, pushed for even more punishment for the rich. (Boerne Star, TX)
Candidate Khazei emphasizes education in speech Oct 23, 2009
Khazei said he supports retaining the federal estate tax and dedicating a portion of the proceeds to education, bringing what he said would be an estimated $1. 3 trillion over 10 years. (Boston Globe)
BofA Announces Sale of First Republic Oct 22, 2009
Every few years, the estate tax, also known as the death tax, flares up as an issue ... Billionaires like Warren Buffett and Bill Gates are actually in favor of higher estate tax rates, even though they have the most to lose from it. (Fox News)
Letter: An Urgent Message to the Town of Saugus Oct 22, 2009
Real Estate tax approx $280,000/year. Gas and Electric over $350,000/year. (Saugus Advertiser, MA)
Conservative Spotlight: 60 Plus Association Oct 22, 2009
However, the more he learned, the more strongly he felt about some of the major issues affecting seniors such as the estate tax, Social Security, and healthcare and he ended up enjoying the work. Martin, who worked in politics and journalism for years and has an ear for catchy phrases, is credited with inventing the term death tax to refer to the estate tax. (Human Events Online)
Taxes will rise in county Oct 22, 2009
While the county knows it'll be raising the local real estate tax -- the only tax the county has the power to levy -- the amount of the increase is in question, he said. "Centre County government has not increased taxes for eight years," he said. (Daily Collegian, PA)
Another View: 2.47 trillion dimes Oct 21, 2009
The Medicare payment formula is one of a number of fiscal time bombs that will need defusing soon: the alternative minimum tax, the Bush tax cuts, the estate tax, other expiring tax provisions. These are costs huge costs that the administration would, for the most part, prefer to assume away; it wants to exempt itself from the responsibility of having to come up with a way to ensure that dealing with them does not add to the deficit. (Hanford Sentinal, CA)
Hoyer Warns Obama, Reid on ‘Doc Fix’ Oct 21, 2009
Hoyer and Pelosi sent a letter earlier this year demanding statutory PAYGO as a precursor to consideration of a doc fix and relief from the estate tax and the alternative minimum tax, all of which Democrats are likely to pass without complying with PAYGO principles. All of them understand where the Speaker and I are, Hoyer said. (Roll Call)
Free cash for seniors Oct 20, 2009
If you think you are eligible and would like assistance in getting your refund, call and have the following information available: Real estate tax or rent paid during the tax year; water/sewer expense paid by year; assessed value of house on Jan. 1 of the tax year; and total income. For this purpose you have to include all of your income, even items that are normally not taxed in Massachusetts such as social security and Massachusetts pensions. (Burlington Union, MA)
Ark. senator: Ballot fight a union-business issue Oct 20, 2009
Lincoln said her stance on the union-organizing bill and her support of an estate tax exemption has put her at odds with Democratic leaders in the Senate. "I spend a good amount of time in the time-out chair in my caucus," Lincoln said. (Pine Bluff Commercial, AR)
Senate Rejects Flag Desecration Amendment Oct 19, 2009
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)
Life insurance can be a vehicle for planned giving (3) Oct 19, 2009
If you prefer to make a planned gift but want to retain ownership of the policy, you may be eligible for an estate tax deduction (though not an income tax deduction) if you name a charity as a beneficiary ... The death proceeds will then be received by the designated charity free of federal income and estate taxes, probate and administrative costs ... A life insurance policy equal to the original gift, but owned in trust, allows heirs to receive the full value of the assets without paying estate... (Cleveland Jewish News, OH)
Proft puts his familiar voice to work in running for Ill. governor Oct 19, 2009
He has proposed cutting the income tax rate by 50 percent, cutting the corporate tax rate by 50 percent, and eliminating the estate tax. Proft said economic growth is essential to improving the state s revenue in the long run. (Mattoon Journal-Gazette, IL)
Lithuania -- September 2009 Staff Visit, Concluding Statement Oct 17, 2009
Streamlining tax incentives would also bolster collections, while a real estate tax, which is progressive by nature, would widen the tax base over time. Any proposed changes to the tax system should be placed in the context of a medium-term tax strategy that aims at enhancing both medium-term revenue and economic growth. (IMF News)
Trash bills to be sent soon in Holbrook Oct 16, 2009
Officials haggled over how to stagger the bills so that they are not due on the same dates as real estate tax bills and how to streamline the process ... Selectman Richard McGaughey suggested that the trash bills be sent in the same envelope as the real estate taxes to save postage. (Holbrook Sun, MA)
County fears bigger deficit in 2010 Oct 8, 2009
In other news, during the county board of elections meeting, the commissioners authorized the following question on the ballot for Turbotville residents on election day next month: Do you favor increasing the rate of the Turbotville Borough Real Estate Tax, which is set aside for fire prevention, from 3 mils to a new rate of 4. 5 mils to be levied and assessed on real estate located in the Borough. (Milton Standard Journal, PA)
After House Vote, Rangel Still Ways and Means Chairman Oct 8, 2009
Later this year, when Rangel s committee considers estate tax legislation that could expand into other matters, the headlines will be a version of this message: Tax scofflaw presiding over tax changes. . (Human Events Online)
Phila. BRT cedes some functions Oct 8, 2009
The board of the BRT will retain responsibility for matters relating to appeals of real estate valuations and will continue to make all determinations in the granting of exemptions to general real estate tax policy and any duties performed by the board in connection with eminent domain proceedings conducted by the board of view. The Mayor s Office said the agreement lasts for six months and that Nutter would like to put reform legislation to voters next May. (Philadelphia Business Journal, PA)
Miss. College forum offers investment tips Oct 7, 2009
The shifting economy and possible changes to estate tax laws have got people chatting up their financial advisers these days. Others are still adjusting to a stock market that plummeted last fall, depleting many portfolios of their values. (The Clarion-Ledger)
Luncheon meeting will discuss Congressional estate tax battle (9) Oct 4, 2009
Luncheon meeting will discuss Congressional estate tax battle ... On October 6, 2009, the community is invited to attend a Bozeman policy luncheon focusing on the current state of the estate tax both at the state level and in Washington ... With some in Congress trying to raise the estate tax, the future of Montana s tens of thousands of family farms, ranches and businesses is at risk. (Great Falls Prairie Star, MT)
Mich. lawmakers still divided about budget cuts Oct 3, 2009
Among the options being considered are taxing doctors and using the money raised to get more federal Medicaid dollars, reinstating an estate tax for estates worth more than 2 million and freezing a tax credit for low-income workers that is set to increase. Dillon said of the tax on physicians: "When you really study the issue, I don't know how you can't put it in the mix.". (Ionia Sentinel-Standard, MI)
Casino to pay nearly $2.3 million in taxes Oct 3, 2009
com Presque Isle Downs o now knows how much of a check to write for its real estate tax bill. Advertisement The casino will pay $2. (Erie Times-News, PA)
Public to air concerns about GM site Oct 2, 2009
The city still receives real estate tax revenues. Most Read Stories. (Atlanta Business Chronicle, GA)
Deserving elderly vs. not-so-deserving kids Sep 26, 2009
Bill Gates father even went before Congress and testified against abolishing the estate tax (which is akin to stealing), which I m for, because it will produce revenue for all eternity if left with the heirs ... I also like how conservatives call the Estate Tax a Death Tax but fail to mention it only kicks in after $2-3 million so the vast majority of Americans are not affected by it ... Both Bill Gates and Warren Buffet are also against abolishing the Estate Tax. (Atlanta Journal-Constitution -- Opinion)
HSBC bids farewell to dollar supremacy... Sep 25, 2009
Lowering capital gains taxes, eliminating the estate tax, and lowering tax rates across the board will free up more capital for the private sector to flourish again. The fear I have is that our government is missing the boat on this, to say the least. (The Drudge Report)
County goes for new printer for tax bills Sep 25, 2009
About 26,000 personal property and 18,000 real estate tax bills were printed on the wrong forms. Southern Imaging paid the cost of mailing a notice to all taxpayers explaining the mistake and included information on the correct due date. (Altivista Journal, VA)
Bank offers to accept Holbrook tax bill payments Sep 24, 2009
Residents can now pay their real estate tax bills at Randolph Savings Bank s Holbrook branch. Bank representatives Jackie Maffeo and Liz Turner told the board of selectmen on Sept. 22 that the 50 South Franklin St. branch would be accepting property and real estate tax, water and sewer, and trash bill payments. (Holbrook Sun, MA)
Date Check Makes Smart Phones 'Sleaze Detectors' Sep 24, 2009
If a potential paramour makes it past the Sleaze Detector, a New Worth feature can be used to find out how big their house is; the home's price and even how much real estate tax is paid. A compatibility feature uses birth dates to determine what astrological signs indicate regarding how well suited a couple appears to be. (Newsmax)
Opinions wanted: Residents asked to weigh in on downtown development Sep 24, 2009
Hamilton s current real estate tax rate is $15. 23 per $1,000 of assessed value a rate that s applied equally to homeowners and business owners alike. (Hamilton Wenham Chronicle, MA)
Pollster Frank Luntz, Warrior with Words Sep 21, 2009
His best-known client has been the Republican party, for which he transformed the "estate tax" into "death tax" and helped popularize "tax relief" to replace mere "tax cuts." The Fox News contributor has compiled his insights into public opinion in a new book, What Americans Really Want. Really. (Time.com)
Borough asks fire companies to submit proposal Sep 21, 2009
Hietsch added the borough is beset with a stagnant or declining real estate tax base along with reduced income from the Earned Income Tax, Local Services Tax and the Real Estate Transfer Tax. The RFP requires each company to submit details on how it would charge each neighboring municipality a prorated share of the total expenses based on the company call volume and resources devoted to each municipality. (Carlisle Sentinel, PA)
Rangel a popular lawmaker with ethics issues Sep 21, 2009
Later this year, when Rangel's committee considers estate tax legislation that could expand into other matters, the headlines will be a version of this message: "Tax scofflaw presiding over tax changes." That's Republican campaign fodder for 2010. Appears not in danger of losing re-electionIf past investigations offer a clue, the worst Rangel will get is a report criticizing his conduct with the severity of the language depending on the investigation's findings. (MSNBC -- Politics)
Mich. lawmakers race to beat state budget deadline Sep 19, 2009
Michigan used to have an estate tax, but it was tied to the federal estate tax and disappeared when the federal tax was phased out. Associated Press writers David Eggert and Tim Martin contributed to this report. (Ionia Sentinel-Standard, MI)
NORMAN REMOVED FROM QUORUM COURT Sep 19, 2009
She declared the disputed district four house, 120 U.S. 65, to be her principal residence Nov. 29, 2007, regarding a 300 real estate tax credit. It s just a matter of upholding the law, McElroy said. (Pine Bluff Commercial, AR)
Heeeere's Glenn! When the Lunatic Fringe Tries Comedy Sep 18, 2009
A few of my jokes made the cut: One about his daughter sharpening her Tinkertoys because the estate tax might go to zero for just one year, in 2010, got a decent laugh. My conservative Christian material about how the New Testament would read if it were written by Congress also did well, although it was about as gutsy as going to the Apollo and doing uptight-white-people jokes. (Time.com)
White House considers extending tax credit for first-time home buyers Sep 17, 2009
US may extend real estate tax credit. $8,000 savings has drawn many to market. (Boston Globe)
Keynotes for Sept. 17 Sep 17, 2009
Bergeron will discuss senior citizen concerns about capital gains, children s inheritance, real estate tax deferral, tax credits, etc. A light lunch will be provided. (Hudson Sun, MA)
NFP Reorganizes To Enhance Client Service Delivery to Core Corporate and Individual Client Markets Sep 16, 2009
Factors that could cause actual results to differ materially from those contemplated by a forward-looking statement include: (1) NFP's ability, through its operating structure, to respond quickly to regulatory, operational or financial situations impacting its firms; (2) the Company's ability to manage its business effectively and profitably through the principals of its firms; (3) a recessionary economic environment, resulting in fewer sales of financial products or services, including rising... (PR Newswire)
Georgetown buildings sell for $62M Sep 15, 2009
3 million in 2004, according to real estate tax assessment records. The properties, located at 2001 Wisconsin Ave. NW and 3300 Whitehaven St. NW, are 100 percent triple-net leased to through September 2019. (Washington Business Journal, DC)
Health care dominates as Congress returns Sep 9, 2009
Looking at the estate tax. Under a 2001 tax cut law, the current tax rate of 45 percent for assets above $3. (Brainerd Daily Dispatch)
Packed congressional agenda till end of year Sep 8, 2009
The tax-writing panels, the House Ways and Means and Senate Finance committees, must also consider the estate tax, which would expire Dec. 31 and then return at a higher rate in 2011 if lawmakers do nothing about it. The expiring tax provisions will be reviewed by lawmakers after they're finished their work on healthcare reform, said Sen. (TheHill.com)
Its recess over, Congress has hands full Sep 8, 2009
Unless Congress acts this year, the estate tax, paid by people who inherit property and money, will expire in 2010 and then return in 2011 at higher rates. The tax falls under the purview of the Senate Finance Committee, which is engaged in health care legislation. (USA Today -- News)
A Labor Day for the 21st century Sep 7, 2009
Second, we must preserve a strong and effective federal estate tax. This fall, Congress will begin debating the future of the estate tax ... A strong estate tax is essential to an economy that rewards hard work and not just the fortune of one s birth. (Orangeburg Times and Democrat, SC)
Remember the socialist origins of Labor Day! Sep 5, 2009
The news media have largely ignored official favors to those who are supposed to pay the corporate income tax, the estate tax, and the gift tax. Millions of families expecting tax cuts are losing some or all of them to a stealth tax that was originally enacted only to apply to the tax-avoiding rich, but that now stings single mothers making as little as $28,000. (Atlanta Journal-Constitution -- Opinion)
SENATOR ADDRESSES ADDITIONAL ISSUES AT FARM BUREAU MEETING Sep 4, 2009
On estate taxes, the estate tax exemption at 3. 5 million per person and top rate at 45 percent. (Pine Bluff Commercial, AR)
Communities and their burdens Sep 4, 2009
Consequently, the burdens of lost real estate tax revenues, fire and police protection costs, and impacts on quality of life fall largely upon Framingham. On the Globe s principle, ought those suburban Framingham communities be insulated against sharing that public burden as if they were, in your words, medieval duchies. (Boston Globe -- Editorial)
