Kayak & bicycle NH annual stickers?

Outdoorsman · 05-08-2017, 01:42 PM

Quote:

Originally Posted by 8gv

As mentioned above, nearly every new tax or fee has a cost of collection that diminishes the benefit of the funds collected. A simple line in legislation stating "increase abc fee by $1 which shall go to xyz fund" seems to retain 100% of the incremental dollars collected.

Nobody's cousin or brother in law gets a job though...

.... Unfortunately, those funds are somehow sucked in to the general fund and dispersed to every feel good fund that the "legislature-du-jour" sees fit.

garysanfran · 05-08-2017, 07:48 PM

Repealed? Or reduced?

Descant · 05-08-2017, 08:38 PM

House bill 229 of 2011 repealed the tax on gambling winnings. There have been others , but that one sticks in my mind as a total repeal compared to a reduction. The last biennium budget reduced business taxes as we met certain revenue goals. A few years ago taxes on income earned in NH Trusts were repealed which brought a lot of trust and investment income into the state.
Wanna save some $$? Ask your CPA about NH Trusts. Not just for the rich and not just for NH residents. NH is the new Delaware.

FlyingScot · 05-09-2017, 01:15 PM

Quote:

Originally Posted by garysanfran

Repealed? Or reduced?

Of course--here's three! Ronald Reagan and George W Bush both reduced federal income taxes. Charlie Baker and a Democratic legislature reduced Mass income taxes just last year.

Also, if you believe that Republicans will be successful repealing Obamacare, we are on the verge of a massive tax cut--a 3.8% reduction in capital gains and another 0.9% on incomes above ~$200K. Of course, to take advantage of these particular cuts, you'll need a lot of capital gains (i.e. you'll need to be rich).

I'm sure there are more, but these are just off the top of my head.

LIforrelaxin · 05-09-2017, 03:29 PM

Oh I love these threads when this topic comes up seeming yearly.....While I have no issue with a "use fee" New Hampshire, needs to show people what it will use the money for, and inact a law, that dictates what the use fees for Kayaks etc. must be used for....

Otherwise, the money will end up in the general fund, and never really get used they way it was supposed to be.

05-08-2017, 07:48 PM	#2
garysanfran Senior Member Join Date: Jul 2009 Location: San Francisco/Meredith Posts: 1,581 Thanks: 680 Thanked 684 Times in 350 Posts	Can anyone think of a tax that has been... Repealed? Or reduced? __________________ Gary ~~~~_/) ~~~ ~~~~~~~~

05-09-2017, 03:29 PM	#5
LIforrelaxin Senior Member Join Date: May 2006 Location: Texas, Lake Ray Hubbard and NH, Long Island Winnipesaukee Posts: 2,899 Thanks: 1,043 Thanked 897 Times in 529 Posts	Oh I love these threads when this topic comes up seeming yearly.....While I have no issue with a "use fee" New Hampshire, needs to show people what it will use the money for, and inact a law, that dictates what the use fees for Kayaks etc. must be used for.... Otherwise, the money will end up in the general fund, and never really get used they way it was supposed to be. __________________ Life is about how much time you can spend relaxing... I do it on an island that isn't really an island.....

05-08-2017, 08:38 PM	#3
Descant Senior Member Join Date: Mar 2006 Location: Merrimack and Welch Island Posts: 4,454 Thanks: 1,374 Thanked 1,651 Times in 1,079 Posts	House bill 229 of 2011 repealed the tax on gambling winnings. There have been others , but that one sticks in my mind as a total repeal compared to a reduction. The last biennium budget reduced business taxes as we met certain revenue goals. A few years ago taxes on income earned in NH Trusts were repealed which brought a lot of trust and investment income into the state. Wanna save some $$? Ask your CPA about NH Trusts. Not just for the rich and not just for NH residents. NH is the new Delaware.

The Following User Says Thank You to Descant For This Useful Post:
garysanfran (05-08-2017)