Friday, January 4, 2013

These 2 Tax Charts Tell You Exactly Who Won the Fiscal-Cliff Deal - Matthew O'Brien - The Atlantic

 

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There are three big tax stories here, all adding up to modest tax increases for the bottom 99 percent, and much bigger tax increases for the top 1 percent.

(1) Five-year extension of the stimulus tax credits. The 2009 stimulus expanded the Earned Income Tax Credit, the Child Tax Credit, and the American Opportunity Tax Credit, and the 2012 fiscal cliff deal extended all of them for an additional five years. ….a big deal to households earning $20,000 and less. It's a safety net done the way conservatives like it, since households have to work to get these credits.

(2) Expiration of the payroll tax cut holiday. The worker's half of the payroll tax had been cut two full percentage points, from 6.2 to 4.2 percent, the past two years. Now that's over. …

(3) Return of Clinton-era rates (or more) for income over $400,000/$450,000. …..The deal also brought back limits on deductions and exemptions for high-earners, known as Pease and PEP, …..capital gains and dividends -- rates rise from 15 to 23.8 percent, with the last 3.8 percent due to the Obamacare surtax, for individual/joint filers making $400,000/$450,000. Remember, the top 0.1 percent of households account for half of all capital gains, so this is no small thing

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Click on the following to read all of the story:  These 2 Tax Charts Tell You Exactly Who Won the Fiscal-Cliff Deal - Matthew O'Brien - The Atlantic

2013 District 100 Board Election

Mr. Van Evera, Mr. Smiley, Mrs. Norem, Mr. Fox have terms that are expiring and are not running.

Mr. Cunningham, a previously elected board member, who was appointed after Mr. Powell’s resignation, will be running unopposed for a two year term.

Kelly Diamond will be running unopposed for a four year term.

Five candidates (McGowen, Baird, Torbert, LaPier and Maville) are vying for the three, four year terms for the Belvidere Township positions.

Voters from the entire district will be voting for all of these positions.

 

april 2013 election

 

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Poplar Grove eyes code regulating property maintenance | Belvidere Daily Republican

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The administration committee took a look at a proposal from the village’s new code enforcement officer, Phil Long, while agreeing Dec, 27 that more study was required before it could offer a recommendation

Poplar Grove eyes code regulating property maintenance | Belvidere Daily Republican

Some escape expense of having elections in 2013 | Belvidere Daily Republican

The election field changed in the past week in the city of Belvidere, with two Independent candidates joining the list of those running for mayor. They were Ed Marx and Mark Sanderson. Also running are Republican Mike Chamberlain and Democrat Andy Racz.

They won’t be on the ballot until the April 9 general election.

That’s also true of the various contests for seats on the city council.

In Ward 2 newcomers Samantha J. Brown, a Republican, is running against Independent Verla Olson for the seat being vacated by Bob Bowley, who is not seeking re-election.

The Ward 4 race has incumbent Republican George F. Crawford being challenged by Democrat Francis J. Egan.

And in Ward 5 newcomers Chris Berner, a Republican, is competing with Independent James O. Campbell for the seat given up by Sanderson, so he could run for mayor.

Incumbent Republican Clinton Morris is unopposed in Ward 1 as is newcomer Thomas F. Ratcliffe, also a Republican, in Ward 3. Frederic C. Brereton Jr. is unopposed for city treasurer.

 

See the other elections by clicking on the following:  Some escape expense of having elections in 2013 | Belvidere Daily Republican

Free Movies on Friday Nites

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