Titled “The Truth About Tax Cuts,” the five-minute video features LePage responding to questions posed by his press secretary, Adrienne Bennett. Both label the tax cuts enacted by the Republican-led 125th Legislature “the largest tax cut in Maine history.” Democrats have criticized the tax package because it leaves to the new Legislature the task of […]
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Posted inMaine
Hebron Academy tax issue heard by Maine’s highest court
PORTLAND — The state’s highest court heard arguments Wednesday on whether Hebron Academy, a private, college-preparatory school in Hebron, should have to pay property taxes on its ice arena because it collects fees from outside use. Lawyers representing the school and town appeared before the Maine Supreme Judicial Court in Portland to make their respective […]
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Posted inBusiness, Nation / World, sj-web
White House seeks to cut funding in peculiar places
BELTSVILLE, Md. — Deep in a secure laboratory just outside Washington sits the federal government’s heaviest smoker. It is a half-ton hulk of a machine, all brushed aluminum and gasping smoke holes, like a retrofit of equipment used on an Industrial Revolution production line. It can smoke 20 cigarettes at once and conclude which are […]
Posted inBusiness, sj-web
Swiss banks will open vaults on account secrets
ZURICH — For decades, Switzerland was the place where money went to hide. Cash sent to its mountain aeries was protected by some of the strictest secrecy laws in the world. But with the euro crisis forcing Switzerland’s revenue-starved neighbors to search out new sources of money, the Alpine country’s bank vaults are suddenly looking […]
Posted inMaine, sj-web
Wrong tax amount in Augusta
AUGUSTA (AP) — In a July 31 story about the state consolidating leases, The Associated Press, relying on information from the city manager of Augusta, erroneously reported how much the city expects to receive per year in new property taxes. The figure is $175,236, not $17,523.
Posted inNation / World, sj-web
Romney says mandate really is a tax
WOLFEBORO, N.H. — Mitt Romney on Wednesday said requiring all Americans to buy health insurance amounts to a tax, contradicting a senior campaign adviser who days ago said the Republican presidential candidate viewed President Barack Obama’s mandate as anything but a tax. “The majority of the court said it’s a tax and therefore it is […]
Posted inMaine
LePage outlines tax goals at New York City conference
AUGUSTA — Gov. Paul LePage told participants at the Bush Institute Conference on Taxes and Economic Growth in New York City on Tuesday that he wants to further overhaul Maine’s tax policy, including a flat, 4 percent personal income tax and a lower corporate income-tax rate. “In the state of Maine, that is exactly what […]
Posted inMaine, sj-web
Wescott’s tax charges dropped
AUGUSTA — Maine officials say criminal tax charges against two-time Olympic gold medal winner Seth Wescott have been dropped. The snowboardcross champion, who lives in Carrabassett Valley, was charged in January with five misdemeanor counts of failure to pay state income taxes and five counts of failure to file state income tax returns from 2006 […]
Posted inAdvertiser Democrat, Connections
CASH Coalition seeking volunteers
OXFORD — The newly formed Oxford County CASH Coalition is looking for volunteers to help out during the income tax season, from January to March of 2011. Two informational meetings will be offered for interested volunteers. They will be from 6 to 7:30 p.m, Wednesday, Oct. 13, at the Region 9 building in Mexico and […]
Posted inAdvertiser Democrat, River Valley
Upton rejects property revaluation
UPTON — Residents at a special town meeting last week narrowly defeated a request to have a complete property revaluation done. Treasurer and tax collector Jim Rector said Tuesday afternoon that the vote was 14 yes to 16 no. He said the town has not had a revaluation for nearly 30 years, causing some home […]