Search Results for: Income Tax

(reformatted, emphasis mine): The federal government this January ran a surplus while collecting record total tax revenues for that month of the year, according to the Monthly Treasury Statement released today. During January, the Treasury collected approximately $361,038,000,000 in total tax revenues and spent a total of approximately $311,802,000,000 to run a surplus of approximately $49,236,000,000. January was the first … Read more

The Commerce Committee report on HB 628 was inexpedient to Legislate. Kill the bill, they said. We don’t want to add dozens of bureaucrats and a mechanism to tax income in New Hampshire. But the 21 Republicans pictured above voted against the committee report. They saved the Income-tax built into the legislation. Without their “support” this … Read more

HB 628, which has a tax on income built into it, passed yet another hurdle today when 28 Republicans voted in favor of taxing your income. No need to get into the issues with the bill again for the moment, but if you are new to this debate you can find them here. Our purpose … Read more

The New Hampshire Income Tax is not dead yet. Yes, the subcommittee recommended the bill as Inexpedient to Legislate (ITL), and odds are improving that the full committee will follow suit, but the subcommittee minority report included an amendment that is (presumably) meant to make the bill more “appealing” to the Republican majority committee and legislature. Or … Read more

HB 628 (An Act that would institute a New Hampshire Income tax) passed the NH House 183 to 151 on January 9th, 2017. The bill has another hearing this week followed by another vote. Here is a reminder about the 33 Republicans whose vote for an Income Tax in New Hampshire are the only reason it is … Read more

By Emmett Harris The Family and Medical Leave Insurance Act, HB 628, isn’t taking any time off. Instead, the bill is working its way steadily through the New Hampshire House, full of the promise, pleading, and puffery common to many progressive proposals. Let’s hope its journey ends short of becoming law.

The latest attempt to impose an income tax on New Hampshire comes hidden under the veil of the “how could anyone but a cold-hearted bastard vote against” HB HB628, AN ACT relative to a family and medical leave insurance program. Skip has done most of the heavy lifting here, here, and here, but there is another excellent resource … Read more

The Treasury collected a record $390,847,000,000 in individual income taxes in October through December, according to the Treasury statement. That was $30,568,380,000 more than the $360,278,620,000 that the Treasury collected (in constant December 2017 dollars) in individual income taxes in the first quarter of fiscal 2017 (which ran from October through December of 2016). And … Read more

The income tax now set up by the Republican Tax Reform SHOULD have Democrats jumping for joy – it makes it even MORE Progressive than before (which I don’t think is a good thing). Emphasis mine: The Joint Committee on Taxation (JCT) has released its distributional analysis of the final Republican tax bill. The bill … Read more

under the proposed Tax Reform that is now in movement in Congress.  And the Democrats / Progressive Totalitarians are losing their minds – the HORROR of it that those evil RICH people get to keep more of their money!  The SHAME that Government will get less!  How DARE they!  It oesn’t make any difference that … Read more

“Through March, the federal government collected approximately $695,391,000,000 in individual income taxes. That is about $7,387,280,000 more than the $688,003,720,000 in individual income taxes (in constant 2017 dollars) that the federal government collected in the first six months of fiscal 2016.” And we’re still running a yearly deficit of almost $527 BILLION.  Most of the … Read more

New Hampshire’s local coven of the American Society of Civil Engineers (ASCE-NH) gave the state a C- on ‘infrastructure.’ The grade was determined by a team of professional engineers from across New Hampshire who assessed 12 categories of infrastructure. And they found that much of the state’s infrastructure requires investment and upgrades to keep up with … Read more

Only if we have the same sized Federal Government that we had at that level of confiscatory taxation.  From Powerline, a stark delineation of the differing sizes: n 1961, according to my analysis, John F. Kennedy oversaw 450 political and career executives who occupied 17 bureaucratic layers at the top of government. Mr. Trump will … Read more