taxes | Connecticut Public Radio
WNPR

taxes

A huge trove of leaked documents is shedding new light on the secretive Swiss banking industry.

The documents were downloaded by a former computer security expert at the giant bank HSBC, and they were released over the weekend by the International Consortium of Investigative Journalists.

Ben Sheldon / Creative Commons

Governor Dannel Malloy has proposed major improvements to Connecticut's transportation infrastructure.

In the past, Malloy argued that the state gas tax could cover such costs, but the rise in fuel-efficient cars has meant a decline in revenue. How to fund transportation projects remains a question.

Speaking on WNPR's Where We Live, Speaker of the House Brendan Sharkey said the gas tax is unfair to Connecticut residents.

When President Obama meets with House Democrats tonight during their retreat in Philadelphia, officials say he'll lay out the details of his budget proposal, which will include reversal of large cuts to federal spending instituted in 2013.

Are you thinking about tax day yet? Your friendly neighborhood tax preparer is. IRS Commissioner John Koskinen declared this tax season one of the most complicated ever, partly because this is the first year that the Affordable Care Act will show up on your tax form.

Tax preparers from coast to coast are trying to get ready. Sue Ellen Smith manages an H&R Block office in San Francisco, and she is expecting things to get busy soon.

"This year taxes and health care intersect in a brand-new way," Smith says.

The Internal Revenue Service on Tuesday began accepting tax returns electronically, and paper returns will begin to be processed at the same time. In a statement, the IRS reminded taxpayers that filing electronically is the most accurate way to file a tax return and the fastest way to get a refund.

Alan Cleaver / Creative Commons

Connecticut's wealthiest residents pay a smaller share of their income in taxes than low- and middle-income households, according to a new report from the Connecticut Department of Revenue Services.

Rep. Michael Grimm, the New York Republican who won re-election despite being indicted on 20 criminal counts related to a restaurant he owns, pleaded guilty to one charge of felony tax evasion Tuesday. He'll be sentenced in June; calls for him to leave Congress began Tuesday morning.

Grimm, a former FBI agent who represents Staten Island and south Brooklyn, had previously pleaded not guilty to charges that included mail fraud and perjury.

New property tax rates have been set in Springfield, Massachusetts.  For the first time in many years, the rates for both homeowners and business property owners have been reduced, as property values continue to recover from the Great Recession

In what The Associated Press called a "final flurry of accomplishment" Tuesday night, lawmakers were able to push through a bill that extended a package of tax breaks, which had expired at the end of 2013, and confirmed 12 more judicial nominees. NPR's Ailsa Chang reported the confirmations also marked a big accomplishment for the Obama administration.

Gasoline prices are at their lowest level in four years. The price at the pump in many states is almost a full dollar cheaper than it was last spring.

So some politicians think this is a good time to raise gasoline taxes. Several states are tired of waiting for Congress to fix the federal highway trust fund, so they're considering raising gas taxes themselves to address their crumbling roads.

Here's a fact that might surprise you: All of the top 10 U.S. companies that were born on the Internet — including Google, Amazon and eBay — have overseas corporate headquarters in Ireland.

The American tech sector is huge in Ireland. It's growing rapidly — and having a huge impact on life there.

But the tax system that's fueling the growth is also infuriating some people in the U.S. and Europe — and has Ireland reconsidering its tax code.

A City, And Country, Transformed

Office of Policy and Management Secretary Ben Barnes
Chion Wolf / Connecticut Public Radio

Governor Dannel Malloy's budget chief says he plans to adhere to his boss's campaign promise not to raise taxes in Connecticut's new two-year state budget.

Chris Potter / Creative Commons

Governor Dannel Malloy and Republican challenger Tom Foley have repeatedly said they will not raise taxes. After dropping out of the race as a petitioning candidate, Joe Visconti said it just can't happen.

"I don't know how we can cut enough, even if the legislature agreed with it, and mothball enough programs for us not to have some form of a tax increase unless we grow completely out of it in a miracle situation," Visconti told WNPR.

Tim Cook / The Day

Gov. Dannel Malloy and Republican challenger Tom Foley may not be trying to make people like them, but they're trying to make the other guy look worse. Now, that Connecticut has the "least positive" race in the nation and the candidates remain in a dead heat in the polls. Malloy told WNPR earlier in the week that he isn't the most lovable guy. Meanwhile, reporters keep asking for Foley's state tax returns and he keeps refusing to hand them over.

Welcome to the Great State of New England!

Oct 9, 2014
Toronto Public Library

Our beloved New England is filled with scenic coastlines, lobster pots and clam shacks, Green Mountains, White Mountains, and a long river valley filled with Yankees who take their long winters as a point of pride. We have history and culture all right here.

Pratt and Whitney

U.S. Senator Chris Murphy said that in the past seven years, the Pentagon has spent more than $160 billion of taxpayer money on foreign-made goods. He’s accusing the defense department of abusing legislation that requires it to buy American.

Flickr Creative Commons, Tax Credits

Connecticut’s tax code comes under scrutiny on Monday as the state’s new tax panel meets for the first time.

Connecticut Conference of Municipalities

A new report by The Connecticut Conference of Municipalities says the state remains the most reliant in the nation on the property tax to fund pre-K to 12 public education. 

YouTube

A Republican political action committee has launched a TV ad attacking Governor Dannel Malloy's tax policies. 

Doug Kerr / Creative Commons

Josh Solomon, the owner of the minor league New Britain Rock Cats, has paid the city $164,569.26 in back taxes for its baseball stadium, the city said in a press release.

Tucker Ives / WNPR

The state of Connecticut is trying to make it easier for Spanish-speaking business owners to pay their taxes. The Department of Revenue Services has produced a Spanish language video on electronic filing.

Shoppers in Massachusetts can look forward to a sales tax holiday later this month. The Massachusetts legislature in the closing minutes of the legislative session last week set the sales tax-free shopping days for August 16 and 17.

The sales tax holiday was included in a comprehensive economic development bill that contains dozens of programs and incentives designed to create jobs. State  Senator Gale Candaras  of  Wilbraham, who helped write the bill, acknowledges there is scant evidence the sales tax holiday does much to grow the Massachusetts economy.

Ron Cogswell / Creative Commons

The House has voted to make permanent a moratorium that prevents state and local governments from taxing access to the Internet. 

Jupiterimages/Photos.com / Thinkstock

Much has been written about whether the city of Hartford should have its own box in the new proposed baseball stadium its considering building to house the New Britain Rock Cats.

Harriet Jones / WNPR

As manufacturing continues its rebound in this country, there’s a lot of discussion about the best ways for government to encourage the trend. One group of manufacturers in Connecticut think they’ve found the perfect policy tool, and they’re pioneering it here in Connecticut.

The state Senate approved a $19 billion annual budget over the weekend. It postpones three tax breaks for shoppers and retired teachers as the state's surplus dissolves in the state’s sluggish economy. Democrats rallied around the package that provides funding for public education, housing, after-school programs, social service needs, and transportation infrastructure. The budget now awaits Governor Dannel Malloy's signature.

Chion Wolf / WNPR

Governor Dannel Malloy announced a budget agreement on Friday which would not raise new taxes, and would deposit the smaller-than-expected $43.4 million surplus into the state's rainy day fund.

Broadly speaking, Malloy said that without a deficit, it's time to focus on future growth.

The Wheelhouse Won't Be $55 Richer After All

Apr 30, 2014
Chion Wolf / WNPR

If you had big plans for that $55 tax rebate that Governor Dannel Malloy announced in his State of the State address, think again.

This week, Malloy acknowledged this election-year plan was dead.

On our weekly news roundtable The Wheelhouse, our team of reporters will discuss the rebate, the 2014 race, Hillary Clinton's visit to UConn, and fracking legislation at the state capitol.

Pfizer finally fessed up and told the world that it wants to buy British drugmaker AstraZeneca. It wasn't a very well-kept secret.

The New York-based drugmaker confirmed publicly that it approached AstraZeneca in January about getting together. AstraZeneca, based in London, rebuffed the New Yorkers.

Pages