TAXES | TOTALLY HITS RADIO

Tag Archive: TAXES


GOP in charge eager to move on Keystone XL, Taxes

AP

AP

Republicans’ resounding victory gives them an opportunity to push legislation that’s been bottled up in the Democratic Senate, from targeting elements of President Barack Obama’s health care law to constructing the Keystone XL oil pipeline to rolling back environmental regulations.

Democrats suffered an electoral drubbing in Tuesday’s midterms, and Republicans regained control of the Senate and widely expanded their majority in the House. In command in both chambers in January, Republicans maintained that they have to show they can govern or else voters will show them the door.
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Colorado collects $2M in Recreational Pot Taxes

AP

AP

Colorado made roughly $2 million in marijuana taxes in January, state revenue officials reported Monday in the world’s first accounting of the recreational pot business.

The tax total reported by the state Department of Revenue indicates $14.02 million worth of recreational pot was sold from 59 businesses. The state collected roughly $2.01 million in taxes.
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NJ Taxes could swallow Peyton Manning’s Super Bowl Earnings

AP

AP

Peyton Manning has the opportunity to pull a John Elway and ride off into the sunset as a Denver Bronco after winning his second ring, not that he wants to retire. His career will hinge upon an offseason exam on his surgically-repaired neck, according to ESPN ’s Chris Mortensen. Obviously, the most important implication of the exam will be Manning’s health. But whether his career continues will have an effect on how much tax New Jersey can collect from him for his appearance in the Super Bowl XLVIII.
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ESR Image

ESR Image

ERIC SCOTT RADIO | LAKE CHARLES, LA. — Sheriff Tony Mancuso announces taxpayers will be able to pay their 2013 property taxes online on the Calcasieu Parish Sheriff’s Office website at www.cpso.com by using a Visa, MasterCard, American Express or Discover credit card. Taxpayers may also view and print their bill from the website.

“We are always looking for ways to make it more convenient for the taxpayers to pay their taxes,” says Sheriff Mancuso. “If you choose to pay online, there will be no lines to stand in and you will be able to pay your taxes 24 hours a day, 7 days a week.”
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AP

Financial markets around the world are celebrating the climactic New Year’s agreement to avert scheduled tax increases and budget cuts in the United States. But the party could be a short one.

While Congress’ action ended a stubborn stalemate and prevented the nation from going over a “fiscal cliff” and possibly tumbling back into recession, the terms of the bipartisan pact helped erect an even larger fiscal precipice.
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AP

Past its own New Year’s deadline, a weary Congress sent President Barack Obama legislation to avoid a national “fiscal cliff” of middle class tax increases and spending cuts late Tuesday night in the culmination of a struggle that strained America’s divided government to the limit.

The bill’s passage on a 257-167 vote in the House sealed a hard-won political triumph for the president less than two months after he secured re-election while calling for higher taxes on the wealthy.
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AP

Maneuvered into a political corner, House Republicans abandoned demands for changes in emergency legislation to prevent widespread tax increases and painful across-the-board spending cuts and cleared the way for a final, climactic New Year’s night vote.

The decision capped a day of intense political calculations for conservatives who control the House. They had to weigh their desire to cut spending against the fear that the Senate would refuse to consider any changes they made in the “fiscal cliff” bill, sending it into limbo and saddling Republicans with the blame for a whopping middle class tax increase.
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AP

Working with Congress against a midnight deadline, President Barack Obama said Monday that a deal to avert the “fiscal cliff” was in sight but not yet finalized. The emerging deal would raise tax rates on family income over $450,000 and individual income over $400,000 a year, increase the estate tax rate and extend unemployment benefits for one year.

“There are still issues left to resolve but we’re hopeful Congress can get it done,” Obama said at a campaign-style event at the White House. “But it’s not done.”
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AP

The top Senate negotiators on the effort to prevent the government from going over the “fiscal cliff” offered a pessimistic assessment Sunday, barely 24 hours before a deadline to avert tax hikes on virtually every American worker. But negotiations continued, with Vice President Joe Biden taking on a new role.

With the two sides differing on the income threshold for higher tax rates and how to deal with inheritance taxes, among other issues, talks between Senate Majority Leader Harry Reid, D-Nev., and Senate Republican leader Mitch McConnell appeared to have broken down. A McConnell spokesman said the Kentucky Republican reached out to Biden, a longtime friend, in hopes of breaking the impasse.
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