Vermont Public Radio Commentary. Monday June 22, 2009McQuiston: Tax policy perspective LISTENBy Timothy McQuiston(HOST) Commentator Timothy McQuiston suggests that when you hear politicians talking about taxes, it isn’t so much about fairness, it’s about jobs.(McQUISTON) Tax policy is all in your perspective, it seems to me. While the Legislature has focused on the property tax and the direct impact it has on local constituencies, governors have generally looked at the bigger picture and the income tax.In the latest, harrowing row over the state budget, which resulted in the first-ever budget veto, the Legislature cut the income tax, albeit slightly, for anyone making under 200,000 dollars and raised it for everyone else.Governor Douglas proposed lowering the highest marginal rate for income over 375,000 from 9.5 percent to 9 percent – and you might well be wondering, “Why?”Well, take the case of golfer Tiger Woods. Tiger’s participation in the US Open at Bethpage Black in New York State, means that he will have to pay New York state income tax on whatever prize money he wins. But Tiger officially lives in income tax free Florida. So if he has to pay income tax where he earns it, why not live in his home state of California? Because Florida, like New Hampshire, is tax free for earned income.Tiger makes a bundle on the PGA tour, but most of his income comes from endorsements and other non-prize money sources – video games, golf equipment, clothing deals. Heck, Tiger could live in New Hampshire. All he’d need to do is stick around for six months and one day in the Granite State. But I suppose the Sunshine State offers more opportunities to work on your game.In Vermont terms, what Governor Douglas and his predecessors have been concerned about, is that business owners and other top managers make decisions about where to locate or expand a business in part on how it affects their own wallets. And if they move their business out of state, jobs go with it.If your adjusted gross income is one million dollars, you’re going to pay $51,000 in Vermont taxes. If your income is 100,000 – still a nice income – your tax will be only a little over 3,000. But if you move your company over to New Hampshire, you’ve essentially given yourself and your employees a nice raise without having to increase payroll one penny.It makes you happier; it makes your employees happier; and it makes the State of New Hampshire happier. In recent years, both Howard Dean and Jim Douglas have fought the Legislature over the income tax for these very reasons.It’s clear that many business owners are willing to pay more to live here – sometimes a lot more. Others have no choice because of the nature of their business and they either like it or lump it. But make no mistake – the lure of “tax free” is very real.
BRYAN FAUST/Herald photoThe University of Wisconsin men’s basketball team will truly begin their season this week as the team will play its season opener Sunday against Mercer, but not before its final exhibition game against Division III Carroll College Wednesday night at the Kohl Center.The contest should pose a little more of a challenge to Wisconsin’s perimeter players in the final tune-up before the year truly begins. “They’ve shown the proclivity to be a little better shooting team from the outside,” head coach Bo Ryan said at a press conference Monday, comparing the Pioneers to UW-Stout, whom UW played on Friday in the team’s first exhibition game. “Better shooters. We’ll probably see a little more motion on the perimeter … Carroll will be a little more perimeter-oriented.”Carroll has been successful at the D-III level, going 21-5 (14-2 Midwest Conference) last season and reaching the NCAA tournament. However, Ryan asserts that they are more interested in their own team than the opponent’s.”We’re trying to get better ourselves,” Ryan said.Ryan also defended the practice of playing exhibition games against smaller state schools over possibly scrimmaging against other top-tier schools, similar to how Marquette did against Kansas State.”The whole idea of exhibition games is to get people familiar pretty much with your own court, to get into the feeling of the Kohl Center,” Ryan said, before also pointing out that exhibitions are better for the fans. “I just think the game atmosphere is something that is really good for our players. Plus, I think it’s good for college basketball that people are seen, that basketball is played where it’s open, and scrimmages have to be totally private.”Wisconsin ranked No. 9 in APThe Badgers were lauded again Monday, as they received their highest Associated Press poll ranking since Dec. 11, 1962, coming in at No. 9 in the AP’s preseason vote.It is the highest preseason ranking UW has ever received and is just the latest praise brought down on a team that has already been ranked ninth in the Coaches’ Poll, has been tabbed by many as a conference frontrunner, and has had forward Alando Tucker named Big Ten Preseason Player of the Year.Still, this latest accolade isn’t likely to send Wisconsin players scrambling for their mirrors, as the team has repeatedly downplayed the importance of such preseason honors.”All that stuff, it’s nice, but it’s where you are at the end of the year that matters,” Tucker said at the Big Ten’s annual media day.Ryan tech savvy Ryan kept the Wisconsin media room entertained at his weekly press conference when a reporter asked him where he stood on the practice of text messaging recruits. Ryan made it clear that he is not a big supporter of the medium. “I’m not a fan of the text messaging,” Ryan stated before getting into a comical explanation. “My theory is based on that famous doctor that did the report that text messaging induces or influences obsessive-compulsive behavior. So, medically, I think it should be banned.” Once he was done questioning the health concerns surrounding text messaging, Ryan joked that the Badgers tend to rely on personality to sign recruits to UW.”We try to get them with our charm and our wit … we’ve lost a lot of recruits,” Ryan joked, before tossing out one more comic line as he was getting up to leave. “I’m gonna go text.”
Facebook Twitter Google+ Published on February 24, 2018 at 7:07 pm Contact Max: firstname.lastname@example.org Syracuse (12-20-2, 11-8-1 College Hockey America) fell 4-0 to No. 9 Robert Morris (20-7-4, 14-3-3 CHA) on Saturday, the second time SU was shutout in as many days after a 5-0 loss on Friday night. It was the first time Syracuse was shutout on a weekend since September. The Orange begins the CHA tournament on Thursday as the No. 3 seed. Comments