Tax Negotiator – NH Senate considers income tax ban

New taxes on personal income would be banned in New Hampshire — a state with no personal income tax — under a proposed constitutional change before the Senate for a vote.The Senate is scheduled to vote on the proposal on Wednesday. The House passed it in January over the objections of critics who argued it could have unintended consequences, such as higher business taxes. Supporters argue [...]

Tax Negotiator – Ohioans like income tax cut

A poll released Wednesday found Ohio voters strongly favor a proposal by Republican Gov. John Kasich to raise taxes on big oil and gas drillers to fund modest income-tax relief. A Quinnipiac University poll found voters favor the governor’s tax trade-off idea 60 percent to 32 percent. It calls for raising severance taxes on oil and natural gas liquids to 4 percent, and [...]

Tax Negotiator – NYC gets $211 million more income tax rev through April

New York City collected $6.79 billion from personal income tax in the first 10 months of its fiscal year ending in April, up about $211 million from the same period in 2011, though Wall Street bonuses were a bit weaker than expected, a source familiar with the matter said on Wednesday.In April, one of the most important months for tax [...]

Tax Negotiator – Tax Benefits For Taking Care Of Adults

While most individuals are aware of the tax benefitsavailable for taking care of their minor children, many are unaware that some of these benefits are available for taking care of adults. In some cases, these benefits extend to adults who are not your spouse. If you are one of the increasing numbers of individuals who have [...]

Tax Negotiator – Local officials want more energy tax money from NJ

  Local officials across New Jersey say the state is standing in the way of property tax relief and forcing budget cuts by withholding energy tax money due to municipalities.Roughly 20 members of the New Jersey State League of Municipalities were in Trenton on Tuesday to tell lawmakers they want more of that money — over $1 billion each year — to [...]

Tax Negotiator – Only gold-based money is taxable

  Since U.S. dollars — also known as Federal Reserve Notes — are no longer backed by gold or silver, some folks believe they are un-Constitutional. As a result, they refuse to report the income they’ve received as U.S. currency.   “It goes back to the gold standard, when the Federal Reserve and the currency [...]

Tax Negotiator – Fatal car wrecks jump on tax day

The odds of getting into a fatal crash increase by 6% on tax filing day, according to a study published Wednesday in the Journal of the American Medical Association.”Tax days are associated with an increase in fatal crash risk, which is similar in magnitude to the increase in crashes on Super Bowl Sunday,” wrote study [...]

Tax Negotiator – Vonn pays off $1.7M in back taxes

Olympic gold medalist Lindsey Vonn announced through her Facebook page that she has paid the more than $1.7 million she owed in back taxes. According to public records obtained through the Elko County recorder’s office in Nevada, the IRS hit the reigning overall World Cup champion and her estranged husband with a tax lien earlier [...]

Tax Negotiator – Tax collection up in all 50 states in 2011: Census

Tax collection rose in all 50 states in fiscal 2011, and in nine states increased more than 10 percent, according to U.S. Census data released on Thursday that marked the end of a severe revenue collapse. “The nationwide increases in state government tax revenue are an indication of the stabilization of revenues for state governments,” said Lisa Blumerman, chief of [...]

Tax Negotiator – Find More Money at Tax Time

Have you already pushed back from your desk, satisfied that you’ve wrapped up your taxes? What if I told you that you may have left money on the table? It’s time to pull yourself back in and review these lesser-known tax breaksthat can save you even more.Transportation costs can take up on average 15-20 percent [...]

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