Tagged: Taxes

Americans recently completed that annual ritual, when they file their returns to Uncle Sam.  But over the century of this tax, there’s been lots of debate on its effectiveness and fairness. and a few states, including New Hampshire have decided not to do this at the state level.  We’ll look at the history of the income tax and how it’s evolved.

Guests

Since its introduction in 1861, “Tax Day” has loomed as a day of inevitable fiscal obligation. As the 15th of April approaches, stresses related to tax filings inevitably ramp up. To some, tax burdens may become too much to shoulder, leading to filings for extensions or an uncomfortable loss of funds. However, yearly tax payments can result in an even more uncomfortable reality – damage to your credit. Here to discuss how Uncle Sam affects your credit score is Gerri Detweiler, credit.com’s personal finance expert.

Governor Maggie Hassan is looking to raise New Hampshire’s cigarette tax.  In her state budget address, she pitched a  30-cent increase as good public health policy.

“New Hampshire has the highest youth smoking rate in the Northeast, with 19.8 percent of high school students who smoke cigarettes," Hassan said.  "Cigarette taxes nationwide have proven to be one of the most effective ways to prevent youth smoking.”

She also said it will raise $40 million in revenue without compromising cross-border sales.

Author Molly Michelmore explores what she calls the fundamental paradox of American Politics:  We’re hostile toward taxes, but we also demand the privileges government offers from social security to local police protection.  Michelmore examines the history of this conundrum and finds these attitudes consistent from FDR’s New Deal to the Reagan Revolution.

Guest

Ballot question one asks if New Hampshire should permanently prohibit an income tax?  In next month's election, Granite Staters will have to vote 'yes' or 'no' on this proposed change to the state's constitution. Supporters say this would settle a longstanding debate once and for all. Opponents say it would damage the state's fiscal standing. Today, we're taking a look at the arguments both pro and con to this question and answer any questions you may have before you head to the ballot box.

Guests

It looks like tax policy will be front and center on ballots later this fall.

Lawmakers have agreed on two constitutional amendments that limit New Hampshire’s ability to tax its citizens.

When Republicans swept into the Legislature after the 2010 elections, they promised to focus on jobs and the economy.

Leadership in both chambers believe they’ve helped deliver on that promise by reaching agreement on constitutional amendments to install a tax cap, and another banning an income tax.