Muni bond yields jump as states' fiscal woes worsen

Yields on tax-free municipal bonds are soaring again, pushed up in part by deepening budget woes in California and other states ... against default on California state debt than on the Mexican government’s debt. As investors ... and local government agencies -- will have trouble making debt payments. Although few analysts [more...]

Date: 2008-12-11 02:40:13

Blog posts (19) | Videos (3)
 

That is the one question we are asked every single day.  Homeowners are confused with their options (or in some cases, their lack of options) ... is not doing the same tax relief as the federal government.  You may have a state tax liability ... the entire debt (on your first and second loans [more...]

Date: 2009-01-15 21:07:27

WSJ: IRS Makes It Harder To Negotiate Tax Debts

Wall Street Journal: Wiping Out Your Tax Debt Gets Tougher; IRS Tightens Rules, as Firm That Acts as Middleman Settles Cases With 18 States, by Tom Herman: It's getting harder for taxpayers in debt with the IRS to negotiate a deal to pay ... in 2007 from 106,000 in 2004. ... Critics say the program needs to be overhauled. In a recent report [more...]

Date: 2008-07-23 16:45:31

Mental Illness Made The Democrat Not Pay The IRS Or The State Of New York But He Was Fit To Work For The Governor

Robert, it really is a mental illness!  Gov ... he recently settled a debt that soared to at least $206,000. The sum included $151,000 owed to the IRS ... by the state. O’Byrne disclosed the tax debt and his failure to file returns after being questioned [more...]

Date: 2008-10-18 14:05:16

Short sale debt forgiveness not to be taxed

The state Department of Revenue, reversing an earlier stand, says sellers do not have to pay real estate excise tax on debt forgiven in a short sale. [more...]

Date: 2009-01-15 18:03:00

A Plan to Be Debt Free in 2009

Considering the current state of the economy, it’s likely a smart thing to try and rid yourself of any excess debt right now ... out your latest credit card statements, auto loan statements, student loan statements, etc ...  are a bit lower, and are also tax deductible. debt-payoff-plan Some people decide that it’s easier [more...]

Date: 2009-01-05 16:10:27

Weekly remarks: GOP sees more taxes, debt in healthcare reform; Obama sees progress at UN

Weekly Republican Remarks by Rep. Johnny Isakson of Georgia, as provided by the Republican National Committee Hello, I'm Senator Johnny Isakson from Georgia. First, I want to send my condolences to the families of those who have lost their lives in the floods that have devastated my home state this past week. I am working with Senator Saxby Chambliss , Governor Sonny Perdue and the administration to bring federal assistance to those who have suffered damages. [more...]

Date: 2009-09-26 10:00:00

Governor Barbour orders more budget cuts to keep state’s fiscal house in order

GOVERNOR BARBOUR ORDERS FURTHER BUDGET REVISIONS Declining tax collections force tighter spending limits JACKSON, ... , such as the Ayers settlement and court-ordered Chickasaw Cession interest, Medicaid services, Homestead Exemption and Debt Service. State fiscal experts believe revenues for Fiscal Year 2009, which [more...]

Date: 2009-01-15 19:18:54

Dark Days for the Golden State

Dark Days for the Golden State). After all, debt requires interest and principal payments and those payments come from one source — taxpayers.  If we keep ratcheting up taxes, we will simply delay [more...]

Date: 2008-12-22 20:36:40

Radical Reform for What Ails’ya

Incoming Speaker of the State House of Representatives Chris Donovan, “resisting a radical tag,” says about himself, “I’m a mainstream politician now ... of Sophie’s Choice: They can either raise taxes to liquidate the debt, or radically cut costs [more...]

Date: 2009-01-08 23:48:00

The Need for Greater Transparency

by State Rep. Jason Murphey (OK-31) I have either been involved in or closely observed some level of government for almost ten years. In that time I have studied a series of local, county and state government entities, as well as an array of government public trusts. I have spent a good deal of time listening to those groups argue about why they needed to continue receiving taxpayer largesse, need more taxes and fees, or want approval for new debt spending. [more...]

Date: 2009-09-28 14:25:34

GAS TAX is needed

Personally, I believe in the idiom—you get what you pay for—so cutting taxes too much has never made sense to me ... the Articles of Confederation (AC), the United States held a lot of debt, because under the AC, it was hard [more...]

Date: 2009-01-08 23:13:49

School accountability: Not Is there ANYTHING a charter school can do wrong to get the charter school shills on the state Board of Education -- led ... that has been failing to pay taxes, has exceeded the enrollment cap, has run up a huge debt and which depends on unpaid staff to complete the year. Speaking of charter schools: The blizzard of [more...]

Date: 2009-01-08 02:14:33

Wednesday morning links

#fullpost{display:inline;}TOP STORIESRetail sales slump 2 ... to Sell Debt as Losses Erode Funds - BloombergPension Losses Could Whack 2009 Corporate Profits ... recycling - Christian Science MonitorSome States in a Pinch May Raise Gasoline Tax - NY [more...]

Date: 2009-01-14 14:02:00

Nasheed should stop taking the begging bowl to India and international loan sharks to acquire hundreds of millions of foreign debt: The best way forward to deal with the country’s financial need is to introduce a tax system

The front page of Hindu stated President of Maldives Mohamed Nasheed seeks diverse help from India ... in the Maldives and in line with international best practice. 2. To attempt to all possible avenues [more...]

Date: 2008-12-26 23:26:46

Northfield state of the city address

By Mayor Vincent Mazzeo Delivered at the city reorganization meeting Tuesday, Jan ... had an added assessment of $4,578,000; collection of taxes remain strong at 98 percent. Our total debt [more...]

Date: 2009-01-14 12:28:33

Is this what we call change?

USA Today reports that many states despite shortfalls in revenues due to the recession and decreased property taxes are still spending like it was 1999: Last week, President-elect Barack Obama promised “immediate relief” to “help struggling ... money to go around.  While inflation is currently not a concern, it will be as American debt [more...]

Date: 2009-01-15 13:57:32

Tax Preparation So Simple, a Treasury Secretary Can Figure It Out?

The Internal Revenue Code, Title 26 of the United States Code, ... - the bailout that will saddle taxpayers with trillions of dollars in new debt in coming years. Did Geithner [more...]

Date: 2009-01-15 16:10:00

Critical: Tell Gov. Schwarzenegger NO VET CARE TAX!

Animal guardians should not have to pay “luxury tax” on veterinary visitsMy fellow Californians: first the bad news, then the other bad news. Our state faces a $41 billion budget deficit over the next 18 months, and to make matters worse, Governor Arnold Schwarzenegger propounds to pay off this massive debt by sticking animal guardians [more...]

Date: 2009-01-15 09:04:00

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