income tax

We look at a new study that suggests that those factors that have made New Hampshire the economic envy of the region, like its low tax burden, higher income levels and steady influx of well educated people may be waning.  And the one time New Hampshire advantage may be a thing of the past. We'll look at the study and see how bad it may be.

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This fall, Granite Staters will vote on a constitutional amendment that would forever forbid the adoption of broad-based income taxes.  Supporters say enshrining this principle will protect what they’ve long called “The New Hampshire Advantage”,while opponents predict it’ll tie the hands of future leaders to address state priorities.   We'll look at both sides of this debate.

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Amendment To Ban Income Tax Goes To Voters

Jun 6, 2012

New Hampshire voters will decide in November whether or not to add a ban on personal income taxes to the state’s constitution.

In 2012, the federal tax return deadline is Tuesday, April 17 — so if you haven't already filed your income tax return, you have about one week left to shop around for different options to finish your taxes, or request an extension.

<a href=”http://www.401kcalculator.org”>401k</a> via Flickr

 

The senate is considering a proposed constitutional amendment that would bar a personal income tax.

The amendment passed the house but is facing head-winds in the Senate.

Top Senate Republicans seemed skeptical during a hearing on the income tax ban.

They say they’re focused on putting an education funding constitutional amendment before the voters next fall.

Senate Majority Leader Jeb Bradley put House Majority Leader DJ Bettencourt on the defensive, asking if he thought the House is overwhelming the public with amendments.

The story of how the U.S. wound up with the income tax is the story of two wars, a Supreme Court justice on his death bed, and Donald Duck.

It's also the story of how the government overcame three obstacles.

Obstacle No. 1: Logistics

How do you make sure people pay?

In six years a North Country group has helped low and moderate income families get more than two million dollars in tax refunds. Now the free service is underway again. NHPR’s Chris Jensen reports.

Once again the Family Resource Center of Gorham is offering free tax preparation for families and individuals earning no more than $58,000.

Last year a record 422 returns were prepared by trained volunteers.

That gave some for North Country residents a fiscal boost.