taxes

Health Insurance
2:59 am
Wed January 21, 2015

Tax Preparers Get Ready To Be Bearers Of Bad News About Health Law

Lou Graham prepares taxes in Connecticut and is ready to answer client questions about the Affordable Care Act.
Jeff Cohen WNPR

Originally published on Sat January 24, 2015 4:17 pm

Are you thinking about tax day yet? Your friendly neighborhood tax preparer is. IRS Commissioner John Koskinen declared this tax season one of the most complicated ever, partly because this is the first year that the Affordable Care Act will show up on your tax form.

Tax preparers from coast to coast are trying to get ready. Sue Ellen Smith manages an H&R Block office in San Francisco, and she is expecting things to get busy soon.

"This year taxes and health care intersect in a brand-new way," Smith says.

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Taxes
5:09 am
Tue January 20, 2015

IRS Budget Cuts May Make For An Unpleasant Tax Filing Season

Susan Walsh AP

Originally published on Wed January 21, 2015 7:18 pm

The Internal Revenue Service on Tuesday began accepting tax returns electronically, and paper returns will begin to be processed at the same time. In a statement, the IRS reminded taxpayers that filing electronically is the most accurate way to file a tax return and the fastest way to get a refund.

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State Economy
4:42 pm
Thu January 8, 2015

Connecticut's Wealthiest Pay Smallest Share of Their Income in Taxes

Credit Alan Cleaver / Creative Commons

Connecticut's wealthiest residents pay a smaller share of their income in taxes than low- and middle-income households, according to a new report from the Connecticut Department of Revenue Services.

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Tax Evasion
11:41 am
Tue December 23, 2014

New York's Rep. Michael Grimm Pleads Guilty To Tax Charge

Rep. Michael Grimm, seen here after voting in the Staten Island borough of New York City, was indicted on 20 criminal counts earlier this year.
Andrew Burton Getty Images

Originally published on Tue December 23, 2014 2:49 pm

Rep. Michael Grimm, the New York Republican who won re-election despite being indicted on 20 criminal counts related to a restaurant he owns, pleaded guilty to one charge of felony tax evasion Tuesday. He'll be sentenced in June; calls for him to leave Congress began Tuesday morning.

Grimm, a former FBI agent who represents Staten Island and south Brooklyn, had previously pleaded not guilty to charges that included mail fraud and perjury.

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Massachusetts
8:20 am
Wed December 17, 2014

Springfield City Council Sets New Property Tax Rates

Originally published on Tue December 16, 2014 12:10 pm

New property tax rates have been set in Springfield, Massachusetts.  For the first time in many years, the rates for both homeowners and business property owners have been reduced, as property values continue to recover from the Great Recession

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Congress
1:45 am
Wed December 17, 2014

Senate OKs Judicial Nominees, Tax Extensions Before Republican Takeover

Senator Harry Reid of Nev. on Tuesday, walks to one of his final meetings as the Senate Majority Leader. In January, Republicans take over the majority.
J. Scott Applewhite AP

Originally published on Wed December 17, 2014 4:27 am

In what The Associated Press called a "final flurry of accomplishment" Tuesday night, lawmakers were able to push through a bill that extended a package of tax breaks, which had expired at the end of 2013, and confirmed 12 more judicial nominees. NPR's Ailsa Chang reported the confirmations also marked a big accomplishment for the Obama administration.

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Business
4:58 pm
Mon December 8, 2014

GOP Leaders: Gas Tax Hike Could Fuel Fixes To Bad Roads And Bridges

Thomas Harden of Chicago pumps gas into his truck. He says he wouldn't support a gas tax increase.
David Schaper NPR

Originally published on Tue December 9, 2014 1:57 pm

Gasoline prices are at their lowest level in four years. The price at the pump in many states is almost a full dollar cheaper than it was last spring.

So some politicians think this is a good time to raise gasoline taxes. Several states are tired of waiting for Congress to fix the federal highway trust fund, so they're considering raising gas taxes themselves to address their crumbling roads.

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Europe
4:17 am
Mon December 8, 2014

U.S. Tech Firms See Green As They Set Up Shop In Low-Tax Ireland

The Apple campus in Cork, southern Ireland, employs 4,000 people — though its financial benefits are felt across the city. But Ireland's attractive tax laws — which have lured other industry leaders — are now under scrutiny.
Paul Faith AFP/Getty Images

Originally published on Mon December 8, 2014 8:54 am

Here's a fact that might surprise you: All of the top 10 U.S. companies that were born on the Internet — including Google, Amazon and eBay — have overseas corporate headquarters in Ireland.

The American tech sector is huge in Ireland. It's growing rapidly — and having a huge impact on life there.

But the tax system that's fueling the growth is also infuriating some people in the U.S. and Europe — and has Ireland reconsidering its tax code.

A City, And Country, Transformed

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State Budget
11:24 am
Fri November 14, 2014

Gov. Malloy Budget Chief Sticks to No Tax Hike Pledge

Ben Barnes, Gov. Malloy's secretary of the Office of Policy and Management.
Credit Chion Wolf / WNPR

Governor Dannel Malloy's budget chief says he plans to adhere to his boss's campaign promise not to raise taxes in Connecticut's new two-year state budget.

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Election 2014
12:33 pm
Mon November 3, 2014

Malloy, Foley Say No More Taxes; Visconti Says Not Possible

As in many campaigns, tax increases have been called off by both major candidates.
Credit Chris Potter / Creative Commons

Governor Dannel Malloy and Republican challenger Tom Foley have repeatedly said they will not raise taxes. After dropping out of the race as a petitioning candidate, Joe Visconti said it just can't happen.

"I don't know how we can cut enough, even if the legislature agreed with it, and mothball enough programs for us not to have some form of a tax increase unless we grow completely out of it in a miracle situation," Visconti told WNPR.

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Where We Live
9:00 am
Thu October 23, 2014

The Wheelhouse: Candidates Attempt to Win Hearts and Minds

Joe Visconti, Dan Malloy, and Tom Foley debate in New London last week.
Tim Cook The Day

Gov. Dannel Malloy and Republican challenger Tom Foley may not be trying to make people like them, but they're trying to make the other guy look worse. Now, that Connecticut has the "least positive" race in the nation and the candidates remain in a dead heat in the polls. Malloy told WNPR earlier in the week that he isn't the most lovable guy. Meanwhile, reporters keep asking for Foley's state tax returns and he keeps refusing to hand them over.

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Where We Live
7:36 am
Thu October 9, 2014

Welcome to the Great State of New England!

Toronto Public Library

Our beloved New England is filled with scenic coastlines, lobster pots and clam shacks, Green Mountains, White Mountains, and a long river valley filled with Yankees who take their long winters as a point of pride. We have history and culture all right here.

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Business of Defense
7:48 am
Thu October 2, 2014

Sen. Murphy: Pentagon Spends Billions Overseas, Costs Jobs

Big contractors like Pratt & Whitney should be required to source more of their parts in the US, according to Senator Chris Murphy
Pratt and Whitney

U.S. Senator Chris Murphy said that in the past seven years, the Pentagon has spent more than $160 billion of taxpayer money on foreign-made goods. He’s accusing the defense department of abusing legislation that requires it to buy American.

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State Taxes
12:58 pm
Mon September 29, 2014

Connecticut Tax Panel Looks at Simplicity, Affordability

Credit Flickr Creative Commons, Tax Credits

Connecticut’s tax code comes under scrutiny on Monday as the state’s new tax panel meets for the first time.

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Funding Education
11:19 am
Tue September 23, 2014

Connecticut Most Reliant State in U.S. on Property Taxes to Fund Public Education

The Connecticut Conference of Municipalities says a range of actions are needed by the state to address education funding issues.
Connecticut Conference of Municipalities

A new report by The Connecticut Conference of Municipalities says the state remains the most reliant in the nation on the property tax to fund pre-K to 12 public education. 

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Election 2014
8:03 am
Wed September 3, 2014

Republican PAC Airs TV Ad Slamming Malloy Tax Hike

Grow Connecticut released an ad Tuesday criticizing Malloy's tax increases.
YouTube

A Republican political action committee has launched a TV ad attacking Governor Dannel Malloy's tax policies. 

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Baseball
2:28 pm
Wed August 20, 2014

New Britain Says Rock Cats Have Paid Back Taxes

The New Britain stadium for the Rock Cats.
Credit Doug Kerr / Creative Commons

Josh Solomon, the owner of the minor league New Britain Rock Cats, has paid the city $164,569.26 in back taxes for its baseball stadium, the city said in a press release.

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Bilingual Tax Help
10:44 am
Mon August 18, 2014

Revenue Services Reaches Out to Hispanic Businesses in Connecticut

Park Street in Hartford is home to many Hispanic-run businesses.
Tucker Ives WNPR

The state of Connecticut is trying to make it easier for Spanish-speaking business owners to pay their taxes. The Department of Revenue Services has produced a Spanish language video on electronic filing.

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WAMC News
1:26 pm
Mon August 4, 2014

Massachusetts Gives Shoppers Another Sales Tax-free Weekend

Originally published on Mon August 4, 2014 12:26 pm

Shoppers in Massachusetts can look forward to a sales tax holiday later this month. The Massachusetts legislature in the closing minutes of the legislative session last week set the sales tax-free shopping days for August 16 and 17.

The sales tax holiday was included in a comprehensive economic development bill that contains dozens of programs and incentives designed to create jobs. State  Senator Gale Candaras  of  Wilbraham, who helped write the bill, acknowledges there is scant evidence the sales tax holiday does much to grow the Massachusetts economy.

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Congress
1:41 pm
Tue July 15, 2014

House Votes to Extend Moratorium on State, Local Taxes for Internet Access

The U.S. Capitol building.
Credit Ron Cogswell / Creative Commons

The House has voted to make permanent a moratorium that prevents state and local governments from taxing access to the Internet. 

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Play Ball
4:21 pm
Thu June 26, 2014

If a Ballpark Comes to Hartford, Who Gets the Luxury Seats?

Jupiterimages/Photos.com Thinkstock

Much has been written about whether the city of Hartford should have its own box in the new proposed baseball stadium its considering building to house the New Britain Rock Cats.

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Made in Connecticut
11:09 am
Mon June 16, 2014

Helping Manufacturers Save For the Future

Hugh McCann at his Bridgeport factory.
Harriet Jones WNPR

As manufacturing continues its rebound in this country, there’s a lot of discussion about the best ways for government to encourage the trend. One group of manufacturers in Connecticut think they’ve found the perfect policy tool, and they’re pioneering it here in Connecticut.

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Connecticut First
5:32 pm
Mon May 5, 2014

Senate Approves Annual Budget; Bill Would Expand Early-Childhood Education

The state Senate approved a $19 billion annual budget over the weekend. It postpones three tax breaks for shoppers and retired teachers as the state's surplus dissolves in the state’s sluggish economy. Democrats rallied around the package that provides funding for public education, housing, after-school programs, social service needs, and transportation infrastructure. The budget now awaits Governor Dannel Malloy's signature.

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State budget
3:03 pm
Fri May 2, 2014

Malloy Announces Budget Deal That Doesn't Have "a Lot of Pain"

Connecticut Governor Dannel Malloy
Credit Chion Wolf / WNPR

Governor Dannel Malloy announced a budget agreement on Friday which would not raise new taxes, and would deposit the smaller-than-expected $43.4 million surplus into the state's rainy day fund.

Broadly speaking, Malloy said that without a deficit, it's time to focus on future growth.

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Where We Live
9:00 am
Wed April 30, 2014

The Wheelhouse Won't Be $55 Richer After All

Governor Dannel Malloy from January 11, 2013 on WNPR's Where We Live.
Credit Chion Wolf / WNPR

If you had big plans for that $55 tax rebate that Governor Dannel Malloy announced in his State of the State address, think again.

This week, Malloy acknowledged this election-year plan was dead.

On our weekly news roundtable The Wheelhouse, our team of reporters will discuss the rebate, the 2014 race, Hillary Clinton's visit to UConn, and fracking legislation at the state capitol.

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Pharmaceuticals
8:29 am
Tue April 29, 2014

Tax Breaks Could Be Biggest Prize In Pfizer Deal For AstraZeneca

For now, Pfizer's world headquarters remains in New York. But a deal for AstraZeneca could turn Pfizer British.
Mark Lennihan AP

Originally published on Mon April 28, 2014 7:00 pm

Pfizer finally fessed up and told the world that it wants to buy British drugmaker AstraZeneca. It wasn't a very well-kept secret.

The New York-based drugmaker confirmed publicly that it approached AstraZeneca in January about getting together. AstraZeneca, based in London, rebuffed the New Yorkers.

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Tax Rebate
1:02 pm
Mon April 28, 2014

Malloy's Tax Rebate Plan Is Dead

Gov. Dannel Malloy.
Credit Chion Wolf / WNPR

Governor Dannel Malloy is reversing his proposal to give each taxpayer a $55.00 refund. The administration said revenue from capital gains taxes last year is hundreds of millions of dollars below what was expected.

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Connecticut First
5:02 pm
Fri April 25, 2014

Malloy Announces Land Preservation Plan; Senate Approves UTC Deal

Governor Dannel Malloy announced a plan today for the state to play a major role in purchasing and protecting a 1,000 acre parcel, as open space, along Long Island Sound.  The Preserve, located in the towns of Old Saybrook, Essex and Westbrook, is considered to be the last, large unprotected coastal forest between New York and Boston.

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Economic Development
6:49 am
Fri April 25, 2014

UTC Tax Package Headed to Malloy's Desk

A rendering of planned new headquarters for Pratt and Whitney.
Credit Pratt and Whitney

A $400 million tax relief package for United Technologies is on its way to Governor Dannel Malloy's desk after the legislation passed the state senate.

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