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Entries in Taxes (296)

Wednesday
Apr162014

Testerman For US Senate - Fire the Liars 

TAX DAY, April 15, 2014

 
Dear friend, 
 
 
Tax Filing Day is Here! 
Are you feeling the pinch?  Your money isn't going as far as it used to?  The more taxes you pay the less freedom you have.  But...
Washington keeps reaching into our pockets and taking away money and giving it to someone else.  The NH GOP exposes the lies!  
Shaheen's Tax Day Burden
Shaheen's Tax Day Burden
If you are tired of being bullied by the Washington Bureaucrats, it's time to Fire the Liars.  Join the Testerman for Senate Team!  Stop feeding the beast and send someone who will stop the spending!
Today, you can help Take Back America:
  1. Make a donation of $20 NOW
  2. Share the link to our website and ask your family and friends.
  3. Sign up to volunteer.  
TONIGHT - APRIL 15, 7 PM: 
Speaking to the Contoocook Valley Republican Committee
Deering Town Hall
762 Deering Center Road 
Deering
Contact: JP Marzullo selectmanjp@yahoo.com (603) 660-1403
 
 
APRIL 16, 7 PM:  
Speaking to the Souhegan Valley Tea Party
Wadleigh Memorial Library, 
Rt 101a
Milford
Contact: Jim Kofalt (603) 654-2831
MAY 6, at 7:30 PM - Join me in attending.
Explore the importance of family at the showing of Irreplaceable.
You can buy tickets at the Cinemagic & IMAX in Hooksett NH.
 
 
Blessings,
Signature

P.S. No more lies.  Send Karen Testerman to the U.S. Senate by donating $20 today or help the campaign
Tuesday
Apr152014

Heritage - Where Did Your Tax Money Go? 

April 15, 2014

 

Where Did Your Tax Money Go?

It’s pretty unreal when you see it.

Your 2013 tax dollars—which are due today—went primarily to pay for government benefits.

Major entitlements (Medicare, Medicaid, and Social Security) gobbled up 49 percent, while more federal benefits took another 20 percent. These additional “income security” benefits include federal employee retirement and disability, unemployment benefits, and welfare programs such as food and housing assistance. Obamacare spending didn’t really kick in until 2014, so that will show up in next year’s breakdown.

>>> Read More

Al-Qaeda: 'Spreading Like Wildfire' WATCH: It’s Time to Protect Religious Liberty in the Marriage Debate

Quick Hits


 



The Heritage Foundation | 214 Massachusetts Avenue, NE | Washington, D.C. 20002 | (800) 546-2843

Donate to The Heritage Foundation

Friday
Mar282014

State Budget Solutions - March Newsletter 

News from State Budget Solutions

March 2014



Increased federal aid to states is a long term trend

States receiving money from the federal government is unsurprising, but what is shocking is the states’ increased reliance on money from Washington, D.C. in the past decade. State Budget Solutions’ analysis of the latest data shows that, between 2001 and 2012, the percentage of general revenue dollars coming from the federal government increased in 41 states.

In all, states received $5.27 trillion from the federal government since the start of the 21st century. Since 2001, 34 states saw over 30 percent of all their collected general revenue come from the federal government. 

Read More



Defined-contribution plan could curtail pension liability
SBS Op-ed in Crain's Chicago Business

Temperatures might be all that has fallen faster or further than Chicago's credit rating these past few months. According to Moody's Investors Service, which recently reduced the city's rating again, unfunded public pension liabilities are to blame.

Last year, State Budget Solutions found that Chicago residents faced a staggering unfunded liability of $87.3 billion. Chicago's Municipal Employees' Annuity and Benefit Fund provides one example of the costs that come with such a massive unfunded liability. In 2013, according to the latest valuation, the plan required an $820 million city contribution, equal to a whopping 52 percent of payroll. Only $261 million of that total was the result of the plan's "normal cost," or benefits earned over the course of the year. The remainder was required just to service the existing unfunded liability.

Read More


 

State Budget Solutions In the News

State Budget Solutions is a known expert in fiscal responsibility and pension reform. Every month, countless media outlets and financial professionals cite the work of SBS's expert analysis and publish the opinions of SBS leaders. Here are a few highlights from February:

Where is the money for NJ's state pension fund?
New Jersey Watchdog
Bob Williams, president of State Budget Solutions, sees it differently. “The governor has taken small steps forward, including increased employee contribution rates and COLA adjustments, but he is taking two large steps back with this latest short changing of the pension fund.” READ MORE

Deval Patrick’s failures forgiven by Dems
Boston Herald
That’s how you end up with a state that has the fourth highest debt per capita in the country — not including our unfunded public pensions and retiree health benefits.

According to State Budget Solutions, our state debt level when measured without loopholes or paperwork dodges is a mind-blowing $129 billion. READ MORE

Lessons learned from the mess in Motown
The Detroit News
Detroit must address how to treat already-earned pension benefits in the bankruptcy process. In addition, the Motor City must also contend with the implications of its earlier attempts to reduce unfunded liabilities by using shortsighted gimmicks. Other cities can look to how Detroit got itself into bankruptcy and learn what not to do. READ MORE

The Williams Report

As a former state legislator, gubernatorial candidate and auditor with the Government Accountability Office, State Budget Solutions' President Bob Williams is a national expert in fiscal and tax policies.  Each week, he compiles the latest news and headlines pertaining to state budgets, collective bargaining and state public pensions into The Williams Report.

IDAHO:
Governor orders more transparency on fiscal funds. Idaho Reporter

CALIFORNIA:
Unfunded retiree health care costs increase to $64.6 billion - an increase of $730 million over the last year. L.A. Times

ARIZONA:
State budget snag hits House. Arizona Republic

FLORIDA:
State budget stuffed with turkeys poses election risks for Scott. Tampa Bay Times

Read More Williams R
Friday
Mar212014

Fuller Clark Urges Constituents to Prepare for Tax Day on April 15 and Use IRS Free File for Online 

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Fuller Clark Urges Constituents to Prepare for Tax Day on April 15 and Use IRS Free File for Online Tax Assistance E-Filing or Extensions

Taxpayers Making $58,000 or Less Can Visit www.IRS.gov/freefile to Prepare and E-File Federal Tax Returns with Free Software & Step-by-Step Help

 

(Portsmouth,NH) – Senator Martha Fuller Clark today encouraged constituents to take advantage of free tax preparation services available through the Free File program. Every taxpayer with a 2013 Adjusted Gross Income of $58,000 or less may visit www.IRS.gov/freefile to prepare, complete and e-file their federal tax returns at no cost.

Free File is made possible through a partnership between the IRS and the Free File Alliance, a coalition of industry-leading tax software companies. Since its inception in 2003, the program has offered 70 percent of taxpayers free access to leading commercial tax preparation software from Free File Alliance member companies. Free File has already saved taxpayers an estimated $1.2 billion in filing costs.

“Since Tax Day is quickly approaching, I encourage taxpayers making $58,000 or less to take advantage of the free tax services available from the IRS and Free File Alliance by visiting www.IRS.gov/freefile,” said XXX. “Anyone can use Free File to electronically file a tax return or, if necessary, submit an extension – giving themselves an extra six months to prepare and file a federal tax return.”

IRS Free File is available at www.IRS.gov/freefile, which provides a list of Free File Alliance member companies and their free tax software offerings. Users may either choose the company that fits their needs or utilize the “Help me Find Free File Software” tool. After selecting a company, users will be transferred to the company's website to prepare, complete and electronically file their federal income tax returns. The service is also available in Spanish.

Free File also offers basic federal e-filing services with no income limitations. This basic e-filing service, called Free File Fillable Forms, allows taxpayers who are familiar with tax law and need no preparation assistance to complete and file their federal income tax electronically. It is also available at www.IRS.gov/freefile.

“Free File makes tax time simple, fast and free for 70 percent of Americans,” said Tim Hugo, executive director of the Free File Alliance. “Since 2003, the Free File Alliance has partnered with the IRS to give taxpayers access to leading online tax preparation software and critical step-by-step support. This year, we invite every taxpayer making $58,000 or less to join the 40 million Americans who have already saved time and money by using Free File.”

Free File Alliance member companies have continually worked with the IRS to strengthen the Free File program, and taxpayers have consistently reported that it is user-friendly and efficient. Responding to a 2009 IRS survey, 96 percent of users said they found Free File easy to use, while 98 percent said they would recommend the program to others.

About the Free File Alliance

The Free File Alliance, a coalition of 14 industry-leading tax software companies, has partnered with the IRS since 2003 to help low and middle-income Americans prepare, complete and e-file their federal tax returns online. The Free File Alliance is committed to giving 70 percent of Americans free access to the industry’s top online tax preparation software. About 40 million returns have been filed through Free File since its inception. For more information, visit www.freefilealliance.org.

Wednesday
Mar052014

Guinta For Congress - Administrations Budget Ignores Reality and Hurts Economic Growth 

Today, President Obama released his FY ’15 budget. In response, Ethan Zorfas with Frank Guinta's Campaign for Congress released the following statement:

“President Obama's budget calls for nearly $4 trillion in spending, increases taxes and serves as a White House wish list for new spending. Carol Shea-Porter owes Granite Staters an answer, are you going to continue to ignore the historic unemployment and financial crisis we face by supporting President Obama’s budget, or will you side with New Hampshire? This budget will do nothing to grow the economy or create the environment for job growth and middle class prosperity. Lastly, it fails to address the $17 trillion debt, a failure that will cost our children and grandchildren dearly.”