Taxes

Just think how great our kids would learn in this school. Oh, by the way, the only factor ever proved to improve kids’ learning, is Mom. Yes, this is the same state that just gave out vouchers (IOUs) to state employees. With 9$B in debt and the highest taxes in the country, don’t laugh...
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Every year, the Americans for Tax Reform Foundation and the Center for Fiscal Accountability calculate Cost of Government Day. This is the day on which the average American has earned enough gross income to pay off his or her share of the spending and regulatory burdens imposed by government at the federal, state, and...
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Or why the economy is stuck in neutral. Check out the hiring woes of Michael P. Fleischer, at Ramsey, N.J.’s Bogen Communications Inc. Fleischer gives the case of the median-pay employee at his company. She makes $59,000 a year: Before that money hits her bank, it is reduced by the $2,376 she pays as her...
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Connecticut has the 5th biggest deficit nationally as a percentage of General Fund for 2009-2010 o NV – 30% o AZ – 29.8% o CA – 25.6% o NY – 24.3% o CT – 23.1% Connecticut already has the highest tax burden in the country. Connecticut’s young leave their home state at the highest...
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It is highly likely we are going to see a return to high inflation. #1: Because the government needs it to get out of the debt they have incurred. (A Billion $ A Day in Interest and climbing.) #2: Inflation is a natural economic outcome of creating money that has no basis in real...
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If the President’s Deficit Reduction Commission uses “baseline” or “current services” budgeting as a benchmark for determining spending “cuts” and tax increases, that’s a good sign that the crowd in Washington wants to pull a fast one on the American people. Baseline budgeting. This is the clever Washington practice of assuming that all previously...
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As we digest the HealthCare Bill more hidden gems come to light. For your consideration, a tax on home sales. Another 3.8% tax. The Health Care and Education Reconciliation Act of 2010, which President Obama signed into law March 30, is comprehensive and complex. Section 1402, “Unearned Income Medicare Contribution,” imposes a 3.8 percent...
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From ATR. Last week, Connecticut joined a growing chorus of states considering a tax on e-commerce to help shore up budgets. The state’s Joint Finance, Revenue and Bonding Committee held a hearing on Thursday where legislators hinted at eventual support for advancing the bill (HB 5481), which would require e-retailers to collect taxes on...
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The Proposed 2010 Budget from the Marlborough Town Website. I’ve converted it to pdf for those of you who don’t have Microsoft PowerPoint installed, click here. BookMark To:
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From the Connecticut House Democrats: Yes that is -$3.5 Billion in Fiscal Year 2012. Essentially $9.5 Billion in deficits for the fiscal years 2012, 2013 and 2104. Any comments? Thoughts as to what we as a state should do? BookMark To:
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Connecticut Center for Economic Analysis University of Connecticut There is a no jobs recovery in sight. Assuming national growth trails off from the unsustainable 5.7% of the fourth quarter, Connecticut continues to lose jobs through 2011; the rate of loss simply slows from the predicted rate in the previous CCEA Outlook. The state’s economy...
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That we could succeed by concentrating, for example, on complex financial instruments while abandoning the industrial base that sustained so many American families. I clearly remember over 20 years ago as I drove to my job at UTC, an elected official announcing that Connecticut’s future lay in the service industry, not manufacturing. Who made...
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From Ken Hjulstrom via email: Regarding the Charter Revision issue, it will be interesting to see who Bill Black decides to appoint. The last time we had a Charter Revision Commission (CRC) back in 2002 the First Selectman largely ignored the people put forth by the Republican Town Committee and instead stacked the committee...
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From CNN.com An increasing number of households end up owing nothing in major federal taxes, but the situation may not be sustainable over the long run. NEW YORK (CNNMoney.com) — Most people think they pay too much to Uncle Sam, but for some people it simply is not true. In 2009, roughly 47% of...
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Letter to the Editor from the Marlborough Republican Town Chair. Some disturbing activities have been occurring in recent days In Marlborough in regards to vandalism and removal of Republican political signs. Last week there were several incidents of signs being run down on North Main Street BookMark To:
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