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)
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)
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)
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)
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)
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)
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)
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)
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)
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)
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)
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)
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)
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)
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)
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)
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)
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)
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)
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)
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)
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)
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)
Passionate boos, cheers mark Eshoo meeting on health care Sep 4, 2009
20 years ago it was get rid of the estate tax and let billionaires keep 100% of their inheritances, because if we did not the family farm was going to cease to exist. Dramatized by right-wing thugs driving tractors though Washington pretending to be threatened farmer, the facts are that there was never a family whose farm was appropriated for taxes. (Palo Alto Online, CA)
State auditor orders Callaway to reduce tax rate to be levied this year Sep 3, 2009
Love appeared before the commission to explain that the situation arose because the commission during the campaign for the county sales tax had promised voters that they would lower the real estate tax rate if possible. The county did lower the rate to 0. (Fulton Sun, MO)
McDonnell: 'Illogical' decision when contraception was legalized Sep 2, 2009
He called for the repeal of the estate tax and for the adoption of a modified flat tax to replace the graduated income tax ... He and like-minded colleagues succeeded in repealing Virginia's estate tax and reforming welfare law, as well as restricting access to abortion. (Cincinnati Nation)
Oldest Swiss Bank Tells Clients to Sell U.S. Assets or Leave on Tax Issues Sep 2, 2009
U.S. proposals to extend reporting requirements for banks whose clients buy American stocks and bonds coupled with estate tax liabilities that may be inherited by the heirs of people who have such holdings prompted the advice from the St. Gallen, Switzerland-based bank, said Managing Partner ... In addition, new rules may mean that people who spend limited periods of time in the U.S. acquire tax obligations, including estate taxes, creating an unacceptable risk for Wegelins clients, Hummler... (Bloomberg -- Europe)
Rell to allow budget to become law Sep 2, 2009
He cited the changes in Connecticut's estate tax, which have long been fought by Democrats through the years. The new threshold for imposing the estate tax will be $3 ... In addition, the legislature voted to eliminate the "cliffs'' in the estate tax, which have angered Republicans since being enacted in 2005 in what some legislators described as a drafting error. Regardless of whether the language was an error or written purposely by attorneys, the legislature never changed the cliffs - until... (FOX61, CT)
Republicans Need Sunset Theme to Reach Their Dawn Sep 1, 2009
Updated: New York, Sep 01 04:18 London, Sep 01 09:18 Tokyo, Sep 01 17:18. Commentary by Amity Shlaes. (Bloomberg -- Columnists)
The Republican Death Machine Aug 30, 2009
The estate-tax revision he championed reduces the estate tax to zero next year. But when the law expires at year's end, the tax will jump back up to its previous level of 55 percent. (Slate)
Diva's Hair Studio open in new location Aug 30, 2009
Other Articles in this Category. Most Commented Stories. (Yuma Daily Sun, AZ)
Transcript of a Conference Call on the Completion of the First Review Under Latvia's Stand-By Arrangement Aug 29, 2009
MR. GRIFFITHS: The authorities are committed to increasing the real estate tax. They are working on that, and that is part of the measures. (IMF News)
It is 2011. John Boehner is Speaker of the House Aug 28, 2009
A week later, the House passed the Wealth Production Act, which repealed the estate tax and the capital gains tax and lowered taxes on "wealth producers" with annual incomes above $200,000. On the same day, it passed a bill to allow citizens to carry any firearms they want wherever they go, concealed or unconcealed. (Salon)
OUR READERS SAY Aug 27, 2009
However, only owners of residential real estate homestead residences exceeding $50,000 in assessed value and commercial real estate (with some exceptions) pay real estate taxes ... Government owned real estate (federal, state, county, school district, and city), church-owned real estate, and residential real state constituting a homestead and not exceeding $50,000 in assessed value, pay no real estate tax ... It was obvious that use of real estate (ad valorem) tax process could not be equitable,... (The Fort Meade Leader, FL)
Rell's New Plan: Tax Millionaires, Eliminate Inheritance Tax Aug 27, 2009
on August 26, 2009 11:31 AM. In a dramatic change to break a budgetary logjam, Republican Gov. M. Jodi Rell offered a new budget plan Wednesday that would tax millionaires, eliminate the state's inheritance tax, and cut the sales tax from the current 6 percent to 5. (FOX61, CT)
Senate Rejects Flag Desecration Amendment Aug 26, 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)
Those who lose homes may face state tax hit Aug 25, 2009
Chris Province, a real estate tax expert with Armanino McKenna in San Ramon, has a client who owns a home in Southern California that he used to live in and another in Santa Rosa that he lives in now. He owes about $100,000 more than the Southern California property is worth and about $250,000 more than the Santa Rosa home is worth. (San Francisco Chronicle -- Business)
Is a Roth IRA Right for You? Aug 25, 2009
For those worried about the estate tax, the amount you pay in tax on the conversion lowers the value of your future estate (though Roth assets are still included in the estate value). The inheritors will never owe income tax. (BusinessWeek)
Rell: No Budget Accord In Sight For Connecticut Aug 23, 2009
They pay conveyance tax when they sell real estate, they pay estate tax when their estae gets settled, they pay income tax with less deductions than the federal forms they fill out ... It doesn't take too many of the richest to leave they you get no income or estate tax. (FOX61, CT)
OUR VIEW: Schools now must 'sell' sales tax swap plan Aug 22, 2009
All three school boards in Coles County are supporting a referendum that would add a penny to the Coles County sales tax in exchange for reductions in real estate taxes ... The real estate tax relief would be a plus for those who live here and those who would consider moving here ... Real estate taxes are one reason why people may choose to live somewhere else, or choose not to upgrade to a nicer home. (Mattoon Journal-Gazette, IL)
Experts on Jobless Claims, Philly Fed, and Taxes Aug 21, 2009
Alec Phillips, Goldman SachsOver the next year, Congress will undertake three separate tax debates: (1) the estate tax, which probably will be extended in the next few months; (2) the expiration of the Bush tax cuts, which expire at the end of 2010; and (3) a possible debate on tax reform, which could start next year but is unlikely to be enacted ahead of the midterm elections in November 2010 ... The tax changes that seem most likely over the next year are (1) an increase in top marginal tax... (BusinessWeek)
Report: Alabama tax friendly for retirees Aug 21, 2009
There s no inheritance or estate tax in Alabama. Reader Comments. (Birmingham Business Journal, AL)
Peach State great for retirees Aug 21, 2009
In Georgia, there is no inheritance tax and only a limited estate tax, Kiplinger ... Real estate taxes may include a combination of county, city, school and state taxes, depending on location. (Atlanta Business Chronicle, GA)
The Nanosphere -- Winning a debate is all about the terms you use Aug 20, 2009
For example, voters are fine with an estate tax, but they hate a death tax, which is exactly the same thing. They fear global warming, but have no strong feelings about climate change. (Scituate Mariner, MA)
Cattlemen welcome legislation providing ‘death tax’ relief Aug 20, 2009
H.R. 3524 would exempt working farm/ranch land from the estate tax, as long as the land is kept in production agriculture. The bill also provides estate tax relief for land under qualified conservation easements ... But if Congress doesn;t act to freeze or reduce the estate tax in 2011, it will revert to 55 percent tax on estates worth $1 million or more. (Princeton Bureau County Republican, IL)
Egypt: Union Eyes the Silver Bullet Aug 19, 2009
It is the latest charge in the escalating feud between the mammoth Egyptian Trade Union Federation (ETUF) and members of the newly formed Union of Real Estate Tax Authority Employees (URETAE), Egypt's first independent trade union since 1957. Property tax collectors established the independent union in April - a bold move that raised hackles at ETUF, the state-controlled body that has monopolised union organisation and worker affairs for more than half a century. (allAfrica.com)
