[Boomers International] Re: People and States having a rough time with tax rebates
The people in Alaska find solace in the outdoors, and for them nature is
like religion. ...
Besides, the people in Alaska probably like to have it that way, the
less people go there, the more money they get to keep.
Jeri
--- In
boomersinternational@yahoogroups.com, Ronald Salvi
<beachboyron19@...> wrote:
>
> People in Alaska have been doing good financially for a long time.
Small population and big revenues but I still don't see many people
rushing go there. 6 months of day 6 months night is not en
environment that draws many people. For the people who do live there
they find many financial benefits.
>
> Ron
>
>
>
>
> ________________________________
> From: yingyangdingdong
no_reply@yahoogroups.com
> To:
boomersinternational@yahoogroups.com
> Sent: Saturday, July 4, 2009 5:54:11 AM
> Subject: [Boomers International] Re: People and States having a rough
time with tax rebates
>
>
>
>
>
> You all laugh at Gov Palin all you want, but if you live in
Alaska, you would have gotten $$$$ CASHÂ and not anIOUÂ
nahneenahneenahnah. .hahaha..
>
> Alaska Department of Revenue
> Permanent Fund Dividend Division
>
> The 2008 Dividend Amount is $3,269.00
http://www.pfd. state.ak.
us/index. aspx
>
>
>
> Revenue Releases FY09 Forecast Update
> The Department of Revenue released their January 2009 Interim revenue
forecast today,
> which revises revenue forecasts for fiscal year 2009. This one-year
forecast uses a New York
> Mercantile Exchange (NYMEX) generated oil price forecast adjusted for
ANS crude oil
> that averages $37.47 for the third quarter in FY 2009, rising to an
ANS oil price that averages
> $43.76 in the fourth quarter. Because the NYMEX is revised daily, it
has been identified as
> one of the most timely forecasts to adopt given the ongoing oil price
volatility.
>
> The NYMEX was also used to create the Fall 2008 revenue forecast for
FY 2009. Production levels for FY 2009 are relatively unchanged with
this interim forecast, falling approximately 3,000 barrels a day from
the Fall 2008 forecast for the same period. Using these assumptions,
unrestricted revenue for FY 2009 is projected to be $5.5 billion, or
$1.2 billion less than projected in the Fall 2008 forecast. Oil
revenues provide 87% of the anticipated unrestricted revenue.
>
>
http://www.revenue. state.ak. us/Â
>
>
> --- In boomersinternationa l@yahoogroups. com, "Ronald"
<beachboyron19@ ...> wrote:
> >
> >
> > It might be the time for people to take a look at how much tax is
being
> > withheld from their paychecks and in some cases reduce the
withholding.
> > Many people over pay and then see the rebate coming as a bit of
forced
> > savings. Nice to get that check in the mail. States over time have a
> > pretty good idea of how much money they need for rebates each year.
You
> > would think they would set that money aside since it is not state
money
> > to begin with. They are spending money they don't really have in
this
> > case.
> >
> > Now things have changed and people who need the money have to wait
for
> > the refund check.
> >
> > The interest costs the states money when they are already struggling
and
> > people who need their money don't get it when they need it. Not
good.
> >
> > Ron
> > Much-needed tax refunds delayed from Ga. to Calif. [AP]
> > <
http://us.rd. yahoo.com/ dailynews/ ap/brand/ SIG=br2v03/
*
http://www. ap.org\
> > >
> > * [Colin Daymude, who only recently received his state income tax
> > refund after]
> > <
http://news. yahoo.com/ nphotos/state- income-tax- refund-income-
tax-return\
> > s/photo//090703/ 480/948ce1e3815a 4d64a18d1608750e 6a01//s:/
ap/20090703/ ap_\
> > on_bi_ge/us_ state_budgets_ tax_returns> AP â€" Colin Daymude,
who only
> > recently received his state income tax refund after filing
> > electronically six …
> >
> > * [Former Saint Houser searching for answers] Play Video
> > <
http://cosmos. bcst.yahoo. com/up/ylocalnew s;_ylt=AovQOwctL
1PmJ.CeoozDjut\
> > v24cA;_ylu=X3oDMTFi bWpsa2NvBHBvcwMy BHNlYwN5bl9yXzNz
bG90X3ZpZGVvBHNs awN2a\
> > WQtZXYtdGh1bWI- ?ch=4226712&cl=14300716&lang=en> Tax Season
Video:Former
> > Saint Houser searching for answers
> > <
http://cosmos. bcst.yahoo. com/up/ylocalnew s;_ylt=AnjarVAMW
GtRpNaEsX4iQot\
> > v24cA;_ylu=X3oDMTFh dDVrbm50BHBvcwMz BHNlYwN5bl9yXzNz
bG90X3ZpZGVvBHNs awN2a\
> > WQtZXYtbGluaw- -?ch=4226712&cl=14300716&lang=en> WWL-TV, Channel 4
New
> > Orleans
> > <
http://news. yahoo.com/ i/3191;_ylt= AvQI0aEpnHpHU26d Gkjrk3Nv24cA;
_ylu=X3o\
> > DMTFidXRicjgyBHBvcw M0BHNlYwN5bl9yXz NzbG90X3ZpZGVvBH
NsawN2aWQtZXYtcH Jvdmk\
> > ->
> > * [Growing Risks For Insurers] Play Video
> > <
http://cosmos. bcst.yahoo. com/up/ynews; _ylt=AnaqLz5bzsP
bF_jr.0ftTAFv24c A\
> > ;_ylu=X3oDMTFiNzJmY mw3BHBvcwM1BHNlY wN5bl9yXzNzbG90X
3ZpZGVvBHNsawN2a WQtZX\
> > YtdGh1bWI-?ch= 4226720&cl=14276777&lang=en> Tax Season Video:Growing
> > Risks For Insurers
> > <
http://cosmos. bcst.yahoo. com/up/ynews; _ylt=AgdZ6K1pkHA
KqOQH1PnBT01v24c A\
> > ;_ylu=X3oDMTFhc3BiN DZqBHBvcwM2BHNlY wN5bl9yXzNzbG90X
3ZpZGVvBHNsawN2a WQtZX\
> > YtbGluaw--?ch= 4226720&cl=14276777&lang=en> FOXBusiness
> > <
http://news. yahoo.com/ i/3045;_ylt= Al4dxO.lmLjqkYwT wYOm2YBv24cA;
_ylu=X3o\
> > DMTFiN3RwZ3ByBHBvcw M3BHNlYwN5bl9yXz NzbG90X3ZpZGVvBH
NsawN2aWQtZXYtcH Jvdmk\
> > ->
> > <
http://finance. yahoo.com/ q?s=^DJI>
> >
> >
> >
> > By GREG BLUESTEIN, Associated Press Writer Greg Bluestein,
Associated
> > Press Writer â€" 1 hr 46 mins ago
> > ATLANTA â€" Colin Daymude was out of work last year after his
business
> > failed and eagerly filed his taxes in mid-January, figuring he'd get
his
> > refund sooner. He was wrong.
> >
> > It took the 44-year-old entrepreneur more than six months to get his
> > $1,300 check â€" money that he needed to pay living expenses
while he
> > worked a few side gigs.
> >
> > Tax day â€" April 15 â€" has long since come and gone, but
sharp
> > budget cuts and falling revenues have forced many states to delay
income
> > tax returns for months â€" and left taxpayers longing for their
money.
> >
> > "I'm just trying to get my money back," said a frustrated Daymude.
"It's
> > my money anyways."
> >
> > Some states say plummeting tax collections drove them to hold on to
the
> > money so they can make ends meet. Others complain of not being able
to
> > keep up because the economic downturn has forced staffing cuts in
> > revenue departments.
> >
> > But critics worry governments are withholding funds that rightly
belong
> > to taxpayers when they need the extra cash the most. And some of the
> > tardy states are fast approaching a stiff deadline of their own: The
> > longer they wait, the more likely they'll have to pony up interest
from
> > thinning state coffers.
> >
> > That prospect could soon become a reality in Georgia and Alabama,
where
> > tax officials are racing to beat a mid-July deadline to send
hundreds of
> > thousands of tax refunds or risk racking up millions of dollars in
> > interest.
> >
> > "I know some of the taxpayers are wondering if the state is going to
pay
> > the refund," said Carla Snellgrove of the Department of Revenue in
> > Alabama, where more than 120,000 taxpayers are waiting for at least
$63
> > million in income tax refunds.
> >
> > "You talk with them and assure them they'll get the refund, it's
just
> > much slower this year," she said. "And if we don't meet the July 15
> > deadline, then the state will pay interest â€" that provides
them some
> > assurance."
> >
> > In Georgia, tax officials say that more than 320,000 returns still
need
> > to be processed. If they are not completed by July 16, the state may
> > have to dish out 1 percent interest for each month it is late.
> >
> > State tax officials say it's not an issue of money, but an issue of
> > staffing. Georgia Revenue Commissioner Bart Graham said the
department
> > had to cut about 280 jobs since October, including more than 150
> > processors who helped file refunds.
> >
> > The funding problems have become familiar in cash-squeezed states.
> >
> > California, which faces a deficit that could top $24.3 billion, may
have
> > to issue about $3 billion worth of promissory notes this month to
state
> > contractors, college students and taxpayers owed refunds unless
there is
> > a budget-balancing agreement.
> >
> > Smaller states have also had trouble. Freda Warfield of the Kansas
> > Department of Revenue said tax officials are hoping to send out $31
> > million in refunds by next week â€" but she knows residents are
> > getting anxious. The returns average $500 a person.
> >
> > "The revenue receipts have just been down," she said. "There's not
> > enough coming in to issue all of our refunds. Tough decisions needed
to
> > be made, and one of the things that we could do is to hold our
refunds."
> >
> > It quickly became a touchy subject there, where thousands of people
> > still haven't gotten refunds. Republican state Sen. Jeff Colyer said
he
> > raised the alarm that the state may not be able to make the payments
> > back in August.
> >
> > "It's unfair to taxpayers," said Colyer, a surgeon from Overland
Park.
> > "It's creating a cash-flow concern for these people. They rely on
tax
> > refunds for a big purchase, or to make a house payment. People have
> > already budgeted how that money will be spent."
> >
> > Other states have had to be a bit more inventive.
> > Missouri, which delayed issuing income tax refunds earlier this
year,
> > ultimately used $250 million of federal economic stimulus money to
pay
> > hundreds of thousands of refunds.
> > And Maryland, which still has about 3,000 filings left, dipped into
a
> > $366 million reserve account that many lawmakers didn't even know
> > existed. Legislators hope to pay it back in 10 years.
> > Meanwhile, analysts say the delays essentially rob the poor of what
had
> > become an extra paycheck.
> > "Low-income families rely on that money getting reimbursed to them
in
> > the spring," said Mike Herald, a lobbyist for the Western Center on
Law
> > and Poverty, a Los Angeles-based advocacy group for the poor. "They
pay
> > bills with that money, they buy furniture â€" a lot of people
rely on
> > that income."
> >
>