From: Ronald Salvi <beachboyron19@...>
Subject: Re: [Boomers International] Re: People and States having a rough time with tax rebates
To: boomersinternational@yahoogroups.com
Date: Saturday, July 4, 2009, 6:21 PM

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@yahoogroup s.com>
To: boomersinternationa l@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 $$$$ CASH  and not an IOU  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/ 


--- 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 – 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 – 1 hr 46 mins ago
> ATLANTA – 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 — money that he needed to pay living expenses while he
> worked a few side gigs.
>
> Tax day — April 15 — has long since come and gone, but sharp
> budget cuts and falling revenues have forced many states to delay income
> tax returns for months — 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 — 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 — 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 — a lot of people rely on
> that income."
>