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Tax Time

Tax Time

Private and household consumption rebounds in South Korea. (The Trade) [www.clipsyndicate.com | Bloomberg]

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  • Carving hobby turns into career [www.clipsyndicate.com | WTHI CBS 10 Terre Haute]


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  • A program enlists the help of retirees to run free medical clinics for low-income individuals. [www.clipsyndicate.com | WPTZ NBC 5 Burlington VT]


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  • SPECIAL REPORT - Since the creation of production tax incentives in the Bay State, lights, camera, action has become an all too familiar phrase in Massachusetts. With nine films shot in the Bay State in the past month alone, there's no doubt the region is slowly becoming the new Hollywood East. FOX25's Sara Underwood reports. [www.clipsyndicate.com | WFXT FOX 25 Boston, MA]


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  • Greenfield for example recieved funds near 200 thousand dollars from the state for their fire department and police department. The problem... using that state money now, means the town will have to pick up the tab, next year. [www.clipsyndicate.com | WWLP NBC 22 Springfield M]


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  • it's an option on the table for state lawmakers when they meet in january -- looking for ways to tackle a huge shortfall in state revenues. stuart dyson is live at the capitol where lawmakers on a powerful committee were talking tortillas and taxes today. we got rid of the gross receipts -- or sales tax -- on tortilla's and other groceries back in 2005. it was one of the most popular tax cuts ever. but bringing it back could haul in a couple hundred million dollars for the state. now we're talking real money. the politically correct term is revenue enhancement -- but you and i would call it a tax increase. bringing back the sales tax on groceries would mean an estimated 228-million dollars for the state in the next budget year. minute thumbnail 06:16 pm still -- a grocery x is a regressive tax -- hitting poor people the hardest since the spend a higher percentage of their income on food. lawmakers on the powerful tax and revenue committee say there's not much appetite for taxing groceries. "a lot of these businesses are just hanging on by a string, and individuals are as well. and we add a greater tax burden on those folks, we're gonna cut that string, and they won't be hanging on anymore." "as regressive as it is, it's the least painful tax to collect. you pay it a penny at a time when you have to pay property tax, and you have two payments. you have to come up with significant dollars." "before we consider any enhancements at all, we need to make sure that we're doing what we're doing efficiently now, and we know that that's not the case." some lawmakers say the grocery tax is not nearly as evil as it sounds -- because most of the poor are on food stamps -- and wouldn't be paying the tax anyway. it is hard to see minute thumbnail 06:17 pm this one getting very far in the 30- day legislative session. 2010 is an election year -- it's a popular tax cut -- bringing it back in january might have a powerful payback in november. live at the capitol, stuart dyson, ewn4.// [www.clipsyndicate.com | KOB Albuquerque]


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  • There is no relief in sight for the overcrowded Valencia County jail. Voters have shot down a tax extension, which would have been used to fund expansions at the facility. Now officials are considering raiding the budgets of other county services. The Valencia County jail is so full that inmates are stacked three bunks high. The jail has to pay other facilities as far away as Grants and Santa Fe to house overflow inmates. "I think that the expansion of the jail is going to have to occur, and the funds are going to have to come from some source,” said Valencia County Commission Chairman Pedro Rael. The funds would have come from the renewal of an eighth-of-a-cent gross receipts tax. But it failed on the ballot nearly two-to-one. "It wouldn't have impacted them any different than what's going on right now,” said Kenneth Griego, Valencia County’s business manager. County officials say they still need to find nearly $5.5 million to expand the jail and relieve overcrowding. So, come the start of the next fiscal year in 2010 cuts will have to be made countywide. "The realization that we have is that it's going to cost us a lot more later on,” said Griego. The county will look at the 2010 general fund for cuts. It won’t be easy, considering Valencia County is already expecting a 5-7 percent shortfall. First on the chopping block are county services. "We have an animal control shelter. We have about 259 employees in a number of departments, code enforcement. We have the sheriff's office,” said Rael. As a last resort, the county will consider cutting employee pay. If that’s not enough, jobs could follow. County officials say they may try to bring back the gross receipts tax, but they have to wait a year to do so. So it’s possible voters could see it on a ballot a year from now. [www.clipsyndicate.com | KOB Albuquerque]


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  • Mom-and-pop shops are preparing for Black Friday. [www.clipsyndicate.com | KXAN NBC 36 Austin]


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  • veronica package [www.clipsyndicate.com | WWLP NBC 22 Springfield M]


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  • HARTFORD -- Much has been made lately about claims by the Obama administration about how many jobs have been created or saved by the economic stimulus package passed by congress this year. [www.clipsyndicate.com | WFSB Hartford-New Haven]


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  • It's not your decision: Cost and timing [www.clipsyndicate.com | WTHI CBS 10 Terre Haute]


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  • Questions about which companies get federal stimulus money to do road work in Wisconsin. [www.clipsyndicate.com | WTMJ Milwaukee, WI]


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  • CTStyle-112509 [www.clipsyndicate.com | WTNH ABC 8 New Haven]


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  • RS 20091125 [www.clipsyndicate.com | WNAC FOX 64 Providence]


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  • Company scamming folks with a written contract and 100% money back refund [www.clipsyndicate.com | WKRC CBS 12 Cincinnati]


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  • The Anti-Defamation League talks about the effects bullying in schools [www.clipsyndicate.com | WTNH ABC 8 New Haven]


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  • With this being the time of the year for giving thanks, Matt and Ron Phipps of Phipps Realty wanted to share what they're thankful for. Among the things Matt and Ron Phipps are thankful for, there's one in particular that hall home buyers can appreciate. [www.clipsyndicate.com | WNAC FOX 64 Providence]


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  • We're cooking Spinach salad and Mussels Zuppa with Edgewood Cafe in The Rhode Show Kitchen. [www.clipsyndicate.com | WNAC FOX 64 Providence]


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