If you thought you could get health coverage later this year, you may not get that chance until November, which means that you’ll most likely have to pay a penalty of 1 percent of your income at tax time, even if only a single member of your family is not insured. Penalties rise in subsequent years.
Taxes
Palm Coast’s Red-Light Cameras: How the City Council Locked In a Fraud on Taxpayers Through 2019
Palm Coast’s red-light cameras siphon off more than $2.5 million out of the local economy every year, in the share that goes to the state and to ATS, the company that runs the scheme, yet the city council quietly approved the deal through 2019, long past the terms of every one of the council members and some of their successors.
Florida Lawmakers Reeling Up Billion-Dollar Tax Breaks For Film and TV Industries
Less than a week after a measure was introduced in the House to provide $1 billion in tax credit to film and television production efforts in Florida, the Senate Commerce and Tourism Committee released a proposal that offers $300 million in tax credits.
Another Tax Cut for Business: Putnam Proposes Reducing Electricity Sales Levy By Half
By phasing in the reduction from 7 percent to 3.5 percent, the impact to state revenue should be a reduction of about $85 million the first year, and an additional $70 million in each of the two following years. Residential customers would see no tax cut.
In Latest Re-Election Ploy, Scott Proposes 10-Day Sales Tax Holiday, Triple the Usual Length
Scott announced Friday he wants lawmakers to approve a 10-day sales tax holiday in August. The extended tax-free period is the latest of the budget proposals Scott has rolled out in advance of the 2014 legislative session.
Solar Panel Users as Freeloaders: ALEC Network’s State Lobbyists Attack Homeowner and Business Subsidies
According to the American Legislative Exchange Council, a conservative network better known as ALEC, our solar panels make us “free riders.” What? Yes, according to ALEC, an organization that specializes in getting the right-wing agenda written into state laws, people like me who invest in energy-efficiency and shrinking our carbon footprints ought to be penalized, writes Isaiah J. Poole.
Extra State Revenue Could Top $1 Billion As Legislature Approaches Spring Session
State economic forecasters added $324.3 million to expected tax revenues during the current budget year, which ends June 30, and the fiscal year that begins the next day. Because lawmakers have already passed a budget covering this year, all of the new money should be available for the spending plan that starts in July.
Another Obamacare Surprise: Married Couples Not Eligible For Subsidies Given Single Filers
For middle class married couples who don’t have children, the subsidy cutoff is $62,000. If one spouse makes $30,000 and the other $40,000, they are ineligible for a subsidy when combined. But if they were just living together, each would be eligible for a subsidy.
FPL Customers Will See Power Bills Increase 5% Starting in January, Adding to Other Local Utility Hikes
For Palm Coast residents, the rate increase compounds steeper utility rate increases as the city raised its water and sewer rates 8 percent in April, another 4 percent in October, and will raise them again 4 percent next October. The typical combined annual price increase: $175.
Don’t Slash Government Spending. Increase It.
One of the biggest common misunderstandings is that governments are like households, which need to tighten their spending when times are tough. Actually, governments and households work in opposite ways. Governments can and should spend more when times are tough.