Rep. Ike Skelton, D-Lexington, takes part in a question-and-answer session with Missouri National Guard soldiers during a visit to Camp Bondsteel, Kosovo. U.S. Rep. Jo Ann Emmerson, R-Cape Girardeau, seated at far left, and Rep. Russ Carnahan, D-St. Louis, also went. (U.S. Army photo by Pvt. 1st Class Lindsey M. Frazier, MNTF (E) PAO) Oct 3, 2008
Just slap a 50% estate tax on everyone with a net worth greater than $1 million. A friend suggested an idea I like better. (Jefferson City News Tribune, MO)
Estate Planning Oct 3, 2008
We all like the idea of estate tax reduction ... A life insurance trust is commonly used to provide a source of ready cash to pay the federal estate tax that you cannot otherwise avoid ... Federal estate taxes are due nine months after an individual dies. (Missourian Publishing, MO)
Estate tax another issue to ponder--Randy Cook Oct 3, 2008
The next president of the United States will have a huge role in determining how much of your property, money and legacy get passed on to your family and other loved ones and how much the government will take in estate taxes. The estate tax is often called the "death tax" and allows the IRS to levy a tax against the estate of an American who has died ... In most cases, families had to sell the family farm or business just to pay the estate taxes. (Chetek Alert, WI)
Staring Into the Abyss Oct 3, 2008
Not having the liquidity your estate needs to pay estate taxes ... Yet, even if the estate tax situation changes for the better, you always can make the necessary adjustments to your estate plan. (Human Events Online)
County lowers tax rates Sep 25, 2008
Published: Wednesday, September 24, 2008 9:49 AM CDT Tax rates for county departments were set on Tuesday, leaving most opting for increases, but the fiscal court lowering their real estate tax rate. This year s tax rate for the county was. (Leitchfield Grayson County, KY)
Average Cost Of Pierce County Home Drops Sep 25, 2008
That means lower real estate tax revenues for cities like Tacoma. The city said it may have to defer maintenance at city hall and may delay seismic upgrades to fire stations across the city. (KIRO TV, WA)
Repetti named to BC Law School professorship Sep 24, 2008
Also this year, the U.S. Joint Committee on Taxation devoted several pages of its report, Taxation of Wealth Transfers Within a Family, to a discussion of Repetti s proposal to eliminate the estate tax on family businesses and farms, and his critique of the existing rules. Repetti has acted as a consultant to the Internal Revenue Service and Justice Department, and has appeared as a commentator in publications such as the Christian Science Monitor, Forbes Magazine, the Wall Street Journal and... (Dover Sherborn Tab, MA)
Kazakhstan: Astana Proposes Tax Changes that Would Hit Energy Producers, Mineral Extractors Sep 23, 2008
Some small-scale entrepreneurs are also leery of the changes because it hikes real estate tax. Serik Turzhanov, head of the Almaty Association of Goods Manufacturers, described the changes as "extremely unsatisfactory" in a discussion with journalists on September 4. (EurasiaNet.org)
Hearing set for latest version of Carlisle DID Sep 23, 2008
Under DID, commercial property owners within the designated area pay an assessment beyond the real estate tax to fund ramped-up marketing efforts, traffic safety upgrades and beautification projects. The current DID includes not only the C-1 commercial district but extends to gateway areas leading to the downtown. (Carlisle Sentinel, PA)
Sentinel Morning Update: DID advocate optimistic despite economic news Sep 23, 2008
Under a DID, commercial property owners within a designated area pay an assessment beyond the real estate tax to fund ramped-up marketing efforts, traffic safety upgrades and beautification projects. Along with the rest of this story from Sentinel reporter Joseph Cress, here's what else to look for in todays print and on-line editions. (Carlisle Sentinel, PA)
The Political Cowardice and (Hypocrisy) of the Wall Street Bailout Sep 23, 2008
Think about everything Wall Street has been given since the late 1990s: cuts in the capital-gains tax, dividend tax, and estate tax; cuts in marginal income tax rates; free-trade agreements; low interest rates; light regulation. The promise was that doing the bidding of the financial-services industry would deliver solid growth and boost incomes for everyone. (Slate)
Golisano Fights City Hall on Assessments Sep 20, 2008
(Rochester, N.Y.) - Billionaire Tom Golisano sees flaws and problems in our state's real estate tax and assessment systems. In fighting the system, he's using his own Mendon home as an example. (WOKR13 Rochester)
Cost of Living Adjustment for City Retirees? Sep 20, 2008
20 real estate tax rate instead of his $1. 23. (WTVR.com, VA)
Obama reclaims poll lead Sep 19, 2008
Look up the estate tax Obama is proposing ... First, Obama s not proposing to raise the estate tax; he s proposing to leave it at precisely the rate already in effect when he would take office (January 2009) ... Second, and more importantly, you conveniently left out the fact that the estate tax only applies to the portion of estates valued at more than $3. (Atlanta Journal-Constitution)
Bush Switching Priority From Social Security to Taxes (Update1) Sep 18, 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)
Eliminate death taxes to help family-owned farms Sep 17, 2008
The average estate tax payment in 1999 to 2000 was the equivalent of one-and-a-half to two years of net farm income ... Full unlimited stepped-up basis at death must be included in an estate tax reform ... Heirs should have the choice of valuing land at either fair market value or current use value without limitation, and there should be no estate tax on land that remains in agricultural production. (Mattoon Journal-Gazette, IL)
Commentary: Dilbert guy's economic... Sep 17, 2008
9 percent -- Eliminating the estate tax. Moving along, we asked the economists which candidate they thought would do the best job on the most important issues. (CNN -- Law)
Financial hardships for most cities to grow in '09 Sep 15, 2008
But that figure is down to a projected $12 million as real estate tax revenue plunges, including a 50 percent drop from July 2007 to this past July. One of the biggest problems for cities is that revenue from sales and property taxes are declining together for the first time in decades. (Anchorage Daily News)
Candidates on the economy Sep 15, 2008
McCain would extend all of them except the total elimination of the estate tax, while Obama would extend only the cuts for individual taxpayers making less than 200,000 annually or couples making less than 250,000. With those big-ticket tax cuts plus the impact of other changes in the tax code included, McCain's plans would slash revenues by. (Missoulian, MT)
Washington residents face state estate tax again Sep 14, 2008
Washington state's estate tax, that is. On May 17, Gov. Christine Gregoire signed a bill creating the new state estate tax ... It is the Legislature's response to this year's Washington Supreme Court decision that repealed the state estate tax as of Jan. 1, 2005 and reduced the tax on the estates of those who died after 2001 and before 2005 to only the amount of the federal state death tax credit. (Puget Sound Business Journal, WA)
Letters to the Editor (Sept. 8) Sep 14, 2008
The estate tax will affect only 1/2 of 1. To say, or even imply that everyone's taxes will increase under Obama is a lie. (Corvallis Gazette Times, OR)
Looking toward the future Sep 12, 2008
There s uncertainty about what will happen to the estate tax in 2010, when it will vanish for a year, only to be reinstated in 2011 at a top rate of 55 percent ... The advice of tax experts: Don t bet that the estate tax will vanish in 2010 ... I think that, in general terms, there is no way to have no estate tax and then revert back, said Jerald Kaiser, a director at financial advisory firm GHP Horwath. (Denver Business Journal, CO)
Obama and McCain have big economic differences Sep 9, 2008
McCain would extend all of them except the total elimination of the estate tax, while Obama would extend only the cuts for individual taxpayers making less than $200,000 annually or couples making less than $250,000. With those big-ticket tax cuts plus the impact of other changes in the tax code included, McCain's plans would slash revenues by $4. (Yahoo News -- Politics)
GOP puts offshore drilling as major issue Sep 8, 2008
Republican pollster Frank Luntz, who has counseled Republicans about the power of language, urging them to drop the term "estate tax" in favor of "death tax," has suggested Republicans do the same with oil drilling. Speaking to Florida Republicans at a breakfast Tuesday, Luntz told the delegates to talk about "energy independence". (Anchorage Daily News)
Senate Rejects Flag Desecration Amendment Sep 8, 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)
Adams has everything Sep 7, 2008
com - Lincoln, Nebraska - News - Nebraska. Web Search powered by YAHOO. (Sioux Falls Tri-State Neighbor, SD)
DeWitt officials mull future without Irwin Tools Sep 6, 2008
Financially, the school district will be affected by a small percentage as they received about 83,000 a year from personal property and real estate tax from Irwin Tools, according to the Saline County Treasurers office. The funding will not be affected this school year. (Columbus Telegram, NE)
Board of Education approves tax increase Sep 6, 2008
As a result of Monday s board action, the real estate tax would go to 39. 8 cents. (Leitchfield Grayson County, KY)
What To Do When You Inherit Real Estate Sep 5, 2008
"A lot of people have enough to do just to maintain their own property and now all of a sudden they have another piece of property they have to deal with -- that's a little difficult, says Carl Izzo, Managing Director at Fiduciary Real Estate Advisors in Boston. Transferring the property Getting legal advice should be your first step. Depending on where you live, the legal process will vary, but all states allow those who inherited property to have the property transferred from the previous... (RealtyTimes)
The Ins and Outs of McCain's Tax Plan Sep 5, 2008
As president, McCain also would keep President Bush's tax cuts for everyone, including families that make more than $250,000, and maintain the capital gains tax rate while repealing the estate tax. 1. (ABC News)
GOP staking out offshore drilling as major campaign push Sep 4, 2008
"I'm as upset as anyone over high prices, but it's not worth what would be a risky venture.'' Republican pollster Frank Luntz, who has counseled Republicans about the power of language, urging them to drop the term "estate tax'' in favor of "death tax,''has suggested Republicans do the same with oil drilling. Speaking to Florida Republicans at a breakfast Tuesday, Luntz told the delegates to talk about "energy independence'' rather than oil drilling. "The public is fed up with our dependence... (Anchorage Daily News)
When the College Savings Plan Falls Short Sep 4, 2008
Not only are capital gains on personal real estate tax free up to $500,000 for couples and $250,000 for singles (with certain ), but your overall expenses are likely to shrink as you spend less on maintenance, insurance and utilities. "It can have a ripple effect," says Welch. (SmartMoney)
Council to talk CDAs Sep 3, 2008
"They still have to pay for it, and they do it through special assessments, basically an extra tax, on top of the real estate tax.". Roberts said there are a couple of benefits that go along with a CDA, including expediting the time frame of a project and taking the load off of the city's budget. (Suffolk News Herald, VA)
John F. McCain Sep 3, 2008
He would reinstitute the "death tax" (estate tax) with a top rate of 45. He has also proposed several increases in corporate taxes, including a "windfall profits" tax on oil. (Forbes)
SECOND INSTALLMENT OF 2007 REAL ESTATE TAX BILLS DUE TODAY Sep 3, 2008
LEWISTOWN The second installment of the 207 levy real estate tax is due today, Tuesday, Sept. 2, 2008. Tax bills may be paid by mail, postmarked on or before the due date; at most banks in Fulton County through the close of the bank on the due date only; in the Fulton County Treasurer s office at the County courthouse, Room 104 (cash, check, Discover or Mastercard); or in the drop box at the Courthouse entrance by 2 p.m. on the due ate. (Canton Daily Ledger, IL)
City to Waive Sales Tax For Construction of Plant Sep 2, 2008
The corporation 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 presented to aldermen, the estimated personal property and real estate tax value of the building and manufacturing equipment would be $4. (Missourian Publishing, MO)
The 529 College-Savings-Plan Estimator Aug 30, 2008
So during one year, you could make a lump-sum contribution of up to $60,000 ($120,000 if you and your spouse contribute jointly) without any adverse gift or estate tax consequences, provided you don't make any additional contributions to that account for the next five years. Also, if you have several children or grandchildren, you can set up separate Section 529 plan accounts for each. (SmartMoney)
Senior tax program may get boost: Mayor proposes property tax credit increase to $750 Aug 29, 2008
That program allows up to $900 to be taken off state tax assessments for seniors aged 65 and up who are homeowners and who paid more than 10 percent of their total income on real estate taxes, including water and sewer, or renters who count 25 percent of their rent as real estate tax payments. Initially there were a large number of people who wanted to do this [volunteer tax credit program], but when the circuit breaker kicked in, then the numbers began to diminish, Dragt said. (Melrose Free Press, MA)
Truesdale In Running for Coca-Cola Warehouse Aug 29, 2008
Wright City Mayor Roy White said he understood Coca-Cola might ask for a lucrative deal which would include the first 10 years with no real estate tax payments whatsoever and the next 15 years at a reduced rate of about 50 percent of the full assessed valuation of the property. The new warehouse would initially employ 12 people, according to Coca-Cola officials. (Missourian Publishing, MO)
Carlisle property owners question DID expansion Aug 28, 2008
Under DID, commercial property owners within the designated area pay an assessment beyond the real estate tax to fund ramped-up marketing efforts, traffic safety upgrades and beautification projects ... Under DID, commercial property owners within the designated area would pay an assessment beyond the real estate tax to fund ramped-up marketing efforts, traffic safety upgrades and downtown beautification projects. (Carlisle Sentinel, PA)
Clinton dynasty? Aug 28, 2008
Then there s the estate tax Obama plans to re-instate. Has anyone mentioned how a single person making $35,000 year will pay approximately $3,500 more when Obama lets the Bush tax cuts expire. (Atlanta Journal-Constitution)
Sentinel Morning Update: Cold winter outlook may mean higher heating costs Aug 27, 2008
Under DID, commercial property owners within the designated area would pay an assessment beyond the real estate tax to fund ramped-up marketing efforts, traffic safety upgrades and downtown beautification projects. An early draft of the DID business plan included just the C-1 commercial district in the DID. This latest version expanded the DID to gateway areas leading to downtown including Hanover Street from Clay Street in the north to Noble Boulevard in the south. (Carlisle Sentinel, PA)
Fairfax County Budget Shortfalls Lead to Property Tax Increases Aug 27, 2008
Some supervisors believe even a ten-cent increase in real estate tax rates will go unnoticed by homeowners since values have dropped so sharply. But even if such an increase is imposed, the money generated would cover only half the projected budget shortfall. (ABC 7 News, DC)
Election '08: Obama/Biden — Left And Lefter Aug 27, 2008
While Obama would pair the expiration of the Bush tax cuts with a corporate tax rate cut, for instance, O'Toole noted: "In recent years, Biden has voted against corporate tax cuts, the Tax Increase Prevention and Reconciliation Act of 2006, and a motion to consider a permanent repeal of the estate tax.". The National Taxpayers Union (NTU) graded both Obama and Biden "F" for their votes on economic issues. (Investors Business Daily)
Spotsy considering a budget retreat Looming tax increases concern Spotsylvania supervisors; board may hold budget retreat Aug 26, 2008
In total, county residents could see their real estate tax bills jump by 25 percent, including a possible 7-cent tax increase in the upcoming budget. Supervisors face the pressure of having to balance school funding with paying for roads, parks and public safety for the 120,000 or so county residents. (Fredericksburg.com, VA)
This week in the Parkland Aug 26, 2008
The Desloge Board of Aldermen will hold a real estate tax hearing at 7 p.m. on Monday at the City Hall ... The Park Hills Council will hold a real estate tax rate hearing 5:30 p.m. on Tuesday. (Park Hills Daily Journal, MO)
Senate and House candidates talk economy and energy Aug 23, 2008
White called for repealing the estate tax permanently and cutting taxes for small businesses. He also wants to make the federal tax cuts of 2001 and 2003 permanent. (New Mexico Business Weekly, NM)
Steel company to move 350 jobs from suburbs to city Aug 22, 2008
Tempel is still working out the details of its incentive package with the city and state, but the company is eligible for the Enterprise Zone Program, Class 6b Real Estate Tax incentives and New Market and EDGE tax credits, according to the release. As part of the move, Tempel will close its 177,000-square-foot factory at 2200 Tempel Drive in Libertyville. (Crain's Chicago Business)
City's new library almost ready Aug 22, 2008
The council set the date for the real estate tax rate hearing for 5:30 p.m. on Tuesday. The current tax rate is. (Park Hills Daily Journal, MO)
• McCain and Obama tax plans diverge on wealth Aug 21, 2008
McCain's plan would cater to wealthy taxpayers and corporations by extending and expanding President Bush's tax cuts, slashing corporate taxes and weakening the estate tax, but it would also aid taxpayers across the board by making the full Bush cuts permanent ... And starting in 2010, McCain would substantially reduce the estate tax. (Q13.com, WA)
Two chambers endorse Andal; Lodi Chamber endorses Sieglock Aug 21, 2008
McNerney has also been friendly to business by wanting to eliminate the estate tax, and he has supported a variety of small-business tax cuts and credits, Stone said. The union bill, which has passed the House and is pending in the Senate, would provide employees the choice of whether to vote by secret ballot, Stone said. (Lodi News Sentinel, CA)
Obama's Tax Plan Is Really a Welfare Plan Aug 19, 2008
Mr. Obama also wants a permanent federal estate tax, with a top rate of 45%; his health-insurance plan includes a new payroll tax on employers; and he also contemplates several increases in the corporate income tax, including a new so-called windfall profits tax on oil companies. Then there is the spending side of the ledger. (Wall Street Journal)
Judge Tosses Challenge to Contingency Fee for Retiring Partner Aug 19, 2008
Wolf, Edward Rosenblum and John Lloyd were once partners in the now-defunct Rosenblum Wolf & Lloyd, a Teaneck, N.J., firm that focused on real estate tax appeals. Their 1993 partnership agreement gave Rosenblum 85 percent of the stock, Wolf 10 percent and Lloyd, 5 percent. (Law.com)
Transcript: Ridge, McCaskill on 'FOX News Sunday' Aug 18, 2008
Send news tip to FOXNews. He may or may not have complicated the situation. (Fox News)
Carlisle DID hearing scheduled for September Aug 16, 2008
Under a DID, commercial property owners within a designated area pay an assessment beyond the real estate tax to fund ramped-up marketing efforts, traffic safety upgrades and beautification projects. Council scheduled a hearing Thursday for 7 p.m. on Sept. 24 to receive public input on the latest business plan for the DID. Property owners can expect to receive a copy of the revised business plan by August 24. (Carlisle Sentinel, PA)
Anderson Kill & Olick Comments on Second Circuit Decision Denying Right of the Family of John P. O'Neill and Other Victims of 9/11 to Pursue Case Against Kingdom of Saudi Arabia Aug 15, 2008
Anderson Kill Comments on Second Circuit Decision Denying Right of the Family of John P. O'Neill and Other Victims of 9/11 to Pursue Case Against Kingdom of Saudi Arabia. Anderson Kill Comments on Second Circuit Decision Denying Right of the Family of John P. O'Neill and Other Victims of 9/11 to Pursue Case Against Kingdom of Saudi Arabia. (PR Newswire)
Millions needed to finish First Place Aug 15, 2008
Polsky said the cash will pay for finishing the condo units, installing a marina and boat slips, marketing and real estate tax, among other things. Once the project is complete, he said he can proceed with his previously announced strategy of hiring Inc. of Milwaukee to take over the management of First Place. (Milwaukee Business Journal, WI)
Community groups need help Aug 14, 2008
Couple that with an average real estate tax bill of $4,000 and you can see that some members of our community are going to be at risk this winter. Already social service advocates in the community are raising this subject but the key question is, are we listening. (Burlington Union, MA)
Obama for good reasons Aug 14, 2008
skooter wrote on Aug 12, 2008 9:50 AM:" MTSILVERTIP: Nice try with the twisted innuendos to suggest UN black helicopters will be sweeping the US...the right is getting desperate and using the usual conspiracy theories to try and scare us. get ready - the threat level will be going up soon too.By the way - Obama won't be repealing the majority of middle class cuts, its the rich 1% of the population who will feel the bite when their personal gifts (huge tax breaks & estate tax breaks) from Bush... (Helena Independent Record, MT)
More of this story Aug 14, 2008
The reduction in the amount of real estate tax paid by individual taxpayers in the district is the result of growth in the taxable valuations in the district from increased property values and new construction. The 2008-09 budget for the elementary district is 9. (Laurel Outlook, MT)
Housing Counsel: Selling Your Home May Be Tax Free Aug 14, 2008
Two real estate tax benefits -- the "roll-over" and the "once in a lifetime" -- are no longer with us. However, their memory will linger on, at least for some taxpayers who have made a lot of profit over the years and who were buying and selling their homes prior to l997. (RealtyTimes)
Property tax bills should arrive soon, county gets multiplier, state will release tax info soon Aug 14, 2008
Second, new computer software was purchased in late February from Devnet for real estate tax assessments and billing. The transition took additional time. (Carthage (Hancock County) Journal Pilot, IL)
FACTBOX - McCain and Obama on taxes and fiscal spending Aug 14, 2008
McCain: Make permanent all provisions of these cuts, which are due to expire at the end of 2010, other than the repeal of the estate tax. Make the estate tax permanent with the first $5 million (2 ... He proposes to make the estate tax permanent with a $3. (International Herald Tribune -- Arts)
Sentinel Morning Update: COG officials want change in Prevailing Wage Act Aug 13, 2008
Under a DID, commercial property owners within a designated area pay an assessment beyond the real estate tax to fund ramped-up marketing efforts, traffic safety upgrades and beautification projects. The latest plan expands the DID beyond the C-1 commercial district to include properties in the gateways leading to the downtown, Councilman Perry Heath said Tuesday. (Carlisle Sentinel, PA)
Aldermen Continue Discussing Tax Abatements Aug 13, 2008
The corporation 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 presented to the committee, the estimated personal property and real estate tax value of the building and manufacturing equipment would be $4. (Missourian Publishing, MO)
