It’s that time of year when taxes begin to be on peoples’ minds. But the IRS is worried not enough people know about the Earned Income Tax Credit – which is the federal government’s biggest anti-poverty program. So – they’ve pronounced today Earned Income Tax Credit Awareness Day. Last year, more than 77,000 needy Granite […]
Ballot Question One – a constitutional ban on the income tax — did not receive the 67 percent of votes it needed to become law on Tuesday. It did, however, receive 57 percent of the vote: a healthy majority. During an otherwise Democratic sweep on Tuesday, this GOP initiative received more votes in New Hampshire […]
Protecting New Hampshire from a broad-based sales or income tax has been a major issue in New Hampshire elections for decades – and this year’s state races have been no different. But for all the talk around the income tax this season, the proposed constitutional amendment banning a personal income tax hasn’t gotten much attention.
The following was contributed by Jacob Hale Russell. Next month, Granite Staters will vote on a state constitutional amendment that would ban any new income tax. It’s well known that New Hampshire is a rare hold-out in having no broad-based income or sales tax (Alaska, rich in oil reserves, is the only other state with […]
A couple of weeks ago, Arthur Laffer — an economist made famous for his work in the Reagan administration — co-wrote an opinion piece for the Wall Street Journal warning that the expiration of federal tax cuts in January puts the country on the verge of a “Taxmageddon.” Laffer’s “supply side” or “trickle down” economic […]
Come November, Granite Staters will be voting on an amendment to the state constitution banning a personal income tax. The amendment would need to receive the support of two-thirds of voters in November in order to become law. While New Hampshire is already one of the nation’s nine states without a personal income tax, the […]
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