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WASHINGTON (AP) – When it comes to paying for a health care overhaul, Americans see just one way to go: Tax the rich. That finding from a new Associated Press poll will be welcome news for House Democrats, who proposed doing just that in their sweeping remake of the U.S. medical system, which passed earlier… Continue Reading AP Poll: Tax the rich to pay for health bill

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Spurred on by the then-booming economy during 2007, Colorado legislators and liberal interest groups were poised to load the 2008 ballot with revenue-enhancing proposals — or, less politely, new taxes. Interviewed by the Denver Post during October of 2007, then-House Speaker Andrew Romanoff said, “If I had to choose today between providing health care for… Continue Reading Days of red ink reckoning loom for foreseeable future

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To ensure a more sustainable funding structure, the City of Colorado Springs should consider implementing new taxes and fees, extending or increasing existing taxes and fees, reducing existing tax exemptions, and augment or modify the way it provides services. Continue Reading SFC recommends higher taxes, fees

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Despite El Paso County’s ongoing financial woes, County Commissioners won’t be asking the voters to approve any new taxes. “I think we need to make it clear that we won’t be going to the voters and asking for a tax increase,” said Board Chair Jim Bensberg, after the commission had received a grim overview of… Continue Reading County commissioners decide against tax increases

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As a result of the passage of S.B. 275, state sales-tax and use-tax service fees have been eliminated. The change, which is effective July 1, comes after both service fees were reduced from 3.3 percent to 1.35 percent during March. Prior to the change, the Colorado Department of Revenue could only keep the fees if… Continue Reading State sales tax service fees eliminated

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We have a mountain, let’s get a big lake to go with it. As part of the Southern Delivery System, a new water storage reservoir is in the plans. Projections are that by 2018 there will be a 760-acre reservoir 14 miles southeast of town. This lake would be more than 10 times the size… Continue Reading Sailing the Springs could happen soon

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Millions of citizens and non-citizens will apply for tax refunds that they don’t deserve, according to the Social Contract Press. A 51-page report, The Earned Income Tax Credit and Illegal Immigration: A Study in Fraud, Abuse, and Liberal Activism is available at www.thesocialcontract.com. “The Earned Income Tax Credit (EITC) is the largest anti-poverty program in… Continue Reading Cheating on taxes still popular: millions get undeserved returns

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The first tea party in Boston signaled the colonists’ dissatisfaction with British taxes and government interference, and gatherings scheduled for Wednesday seek to do the same thing – protest excessive taxes and too many government bailouts. Hundreds of protests are scheduled to take place simultaneously in a number of cities on April 15, Tax Day. While… Continue Reading Nationwide anti-tax ‘tea party’ scheduled for Wednesday

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As if filing personal income taxes weren’t tough enough, limited liability corporation and other partnership returns also are due April 15. But if the thought of more Internal Revenue Service forms and tables, rules and regulations, puts you in a tizzy, it’s actually safe to relax and take the time to inhale slowly and deeply.… Continue Reading Don’t be in a rush to get your business taxes filed

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Small business tax tips for 2008

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The National Association for the Self-Employed is encouraging small business owners to get an early jump on their taxes with top tax tips for 2008. Among the tips are: Visit www.NASE.org or www.IRS.gov to determine whether you should have your taxes calculated professionally. Determine whether cash or accrual accounting is best for your business. Always… Continue Reading Small business tax tips for 2008

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