Hudson-Litchfield News 2-05-2010

Hudson - Litchfield News
10 - February 5, 2010
nullnullol null11nullnullntinued nullom nullont page
heat
food/
And further to raise and appropriate
clothing
Maintaining Your
entertainment
the sum of nullnull,null4 for the upcoming
savings
taxes
Piece of the Pie
fiscal year, such sum representing the
shelter
additional costs attributable to the increase
in salaries and benefits renullired by the new
agreement over those that would be paid
The Tax Rate Schedule
at the current staffing levels in accordance
W.F.Boutin EA - Total Tax Solutions LLC
with the most recent collective bargaining
agreement.null
Last week, we left off at the calculation of our taxable income, and
now we need to understand how tax is calculated from this number.
nulldson resident nullchard nullatterson toonull
ith this knoW wledge, we will have the foundation for explaining how
to the microphone and offered to those in
deductions, credits and various fringe beneﬁts available to many attendance his reasons for not supporting
taxpayers can affect your individual situation.
the step increases for the teachers, which
There are several tax brackets established by the tax code being the
are raises given to teachers for time or an
10%, 15%, 25%, 28%, 33%, and 35%. Each percentage has a
“bracket” of income allocated to it, based upon a particular ﬁling
education level served. While the school
status. This table is known as the Tax Rate Schedule.
budget states no increase for the coming
For instance, the 2009 tax rate schedule shows that the 10% tax year, in reality, as nullatterson enulllained,
bracket for a single individual is from $0 to $8350, whereas the 10%
nulldson teachers would be receiving wage,
tax bracket for a taxpayer who qualiﬁes as a head of household is $0 to
or step, increases, to the tune nullnull,null4
$11,950.
A single person, who has taxable income of $15,025, has a tax
for a nullb done poorly. Step raises are Hudson resident Richard nullatterson leaves the nullcronullone
liability of $1836 taken from the tax tables. The ﬁrst $8350 is taxed at
not based on merit or an evaluation of a
nullmpshire Department of nullucation, To the nullestion posted by the
10%; the balance of $6675 is taxed at 15%. The $1836 tax liability is teachernulls performance.
12.22% of the $15,025 taxable income. This 12.22% is the mean of the
nullode nullland Department of nullucation, and Hudsonnullitchnullld nullws on how nullatterson
According to the data he produced,
two percentage brackets (10% and 15%) used to calculate the tax.
nullermont Department of nullucation have would respond to the publicnulls comments
nullatterson stated that the nulldson teachers
Based upon this schedule, a single person starts to pay 15 cents on developed a common set of nulladenullevel that his data was nullnaccurate,nullhe stated,
the dollar at $8350, .25 @ $33,950, .28 @ $82,250, .33 @ $171,550
are producing Dnullresults with the students
nullpectations, nullown as the nullw nullgland null donnullt care. null is posted and is online.null
and .35 @$372,950. ith this understanding, we can see that a W
to whom they teach, who then graduate.
nullmmon Assessment nullogram nulladenull nullgarding the follownullp statement that
taxpayer may have gross income in a 25% tax bracket, but if they have null bacnulld his beliefs with a presentation
enough deductions, they can lower their taxable income to a 15% tax
Level nullpectations nullnullAnullnullnullnull and test nullAnyone can manull numbers say what they
of nullw nullmpshirenulls nullucational Statistics
bracket.
specifications in nullthematics, nullading, want to say,nullhe again stated, null donnullt care.null
Anull, wnullnull hich rates nulldson at receiving
Deductions that lower the gross income come in many forms. and Writing. nullilding on the success of After the discussion of Warrant Article null
Adjustments allowed on the tax return to arrive at the AGI, lowers this
an educational grade of null percent,
the nullnullAnullcollaboration in nullthematics, the public had very little to say regarding
income which results in a lower AGI and lower taxable income. The
or a Dnull nullattersonnulls evaluation of the
nullading, and Writing, the states have Warrants null 4, and null all of which
standard /itemized deduction and exemptions lower the taxable Statenulls report also indicated that students
income but not the AGI. Various fringe beneﬁts (Cafeteria or Section
developed common assessment targets renullested the appropriation of funding
graduating from Alvirne nullgh School are
125 Plans) offered by employers allow a taxpayer to pay for certain
and test specifications for Science. nulladenull for the different unions within the School
not proficient in the sciences.
beneﬁts before taxes are withheld. This also lowers their earned income Span nullpectations nullSnullnullfor high school Administration.
reported on line 7, which consequently lowers the AGI and the taxable
nullatterson did not communicate that
students in nullthematics, nullading, and Warrant Article null the last, concerns the
income for that taxpayer. How much it saves any taxpayer is propor-
Alvirne nullgh School score rannulld higher
Writing have been developed for grades term increase from one year to three years
tionate to where their taxable income would be without the beneﬁt. than nullmpbell nullgh School, nullshua South,
(The single taxpayer in the example above saves .15 on every dollar
nullnull and nullnullnullnull for the Town of nulldson nullderator. null
or enullaled nullshua nullrth in the nullnullAnull
that they lower their taxable income of $15,025, until they would
nulldget nullmmittee nullmber nullarlotte obnullction arose.
scoring. null also focused his science
lower it below $8350, when they would then start to save only .10 on Schweiss rebutted nullatterson by stating, nullid The nulldson School nullard and the
the dollar.)
studies on schools with threenulland fournull
you ever tanull into account that Special nulldget nullmmittee were in agreement
Examples of fringe beneﬁts offered by employers are health insurance,
year programs versus nulldsonnulls twonullear
nullucation nullildren scores have increasednull to nullecommendnullall school warrants on
life insurance, dependent care assistance, Health Savings Accounts for science programs. Assistant Superintendent
taxpayers who have eligible, high deductible health insurance policies,
There are stories you will never hear as to the ballot, with the enulleption of Warrant
nullmond stated that the nulldson Science
and medical savings accounts for out of pocket medical expenses to
what teachers do for children. nullou were Article null
nullrriculum program is a twonullear program
name a few. Usually these types of beneﬁts not only save on federal perfectly happy with the nullerating nulldget. null am pleased with the outcome of the
and state taxes, but are not taxable income for Social Security/
and if he felt that nulldson students were
As far as challenging the teachers, donnullt be Deliberative Session. null is nice to see
Medicare with holding purposes as well, saving an additional 7.65%
not prepared in the sciences, then his
mad at menullyou were going against their people tanull part and be civically aware. null
for the taxpayer. Money contributed to 401K or IRA plans are pre-tax dissatisfaction should be directed at the
for federal and state tax purposes only and are also a means of lowering
integrity because these people do it for the am disappointed with the outcome of the
Superintendentnulls officenullot the teachers.
taxable income and AGI.
children. nullnullst got incensed.null teachernulls contract. null is now in the hands of
nullatterson stated that his documentation
Remember, a lower AGI on the tax return is comparable to the nulldson resident and teacher Donna the voters to support the warrants,nullstated
beneﬁts of lower cholesterol levels to the heart in most cases.
for his presentation came from the
Straight said nullhannullyou, teachers, for the Assistant Superintendent nullmond.
Many of the tax deductions and tax credits allowed by the tax code,
nullnullAnullWebsite nullww.ed.state.nh.usnull
fabulous nullb you have been doing. nullou are
including itemized deductions and personal exemptions, phase out for educationnull citing that nullhe nullw
high income taxpayers. This phase-out range is calculated starting with
the best teachers nullhave seen.null
the AGI found on the tax return as we will discuss in the near future.
Therefore concentrating on lowering the AGI of high tax bracket
taxpayers is of the utmost importance. Next week: Itemized Deductions
Artinulle Renullewnullnullntinued nullom nullont page
Have a tax question? E-mail taxquest@totaltxsolutions.com
nulletitioned nullning Amendments placed this petitioned nulloning amendment on the ballot renullesting
their propertnullbe renullnulloned nullom residential to businessnull The
Article null Are you in favor of the adoption of Amendment No. null
Planning Board opposed the nulloning change due to the proposed
as proposed by Petition for nullnullning as followsnull
negatinulle impact on nullena Anullenull This corridor onullHudson is
Amend the nullficial nullning nullp of the Town of nulldson by renull
considered a “gatewanullnull” to the communitnullnull
nullning a parcel of land nullown as Tanullnullp nullnull Lot null4, located
at nullnullLowell nullad from being in the nullsidentialnullwo nullnullnullto Article null Are you in favor of the adoption of Amendment
being in the nullsiness nullnullDistrict. Said parcel is located near the No. nullas proposed by Petition to amend the nullning
intersection of nullna Avenue and Lowell nullad. nullnanimously Ordinance as followsnull
Disapproved by the nullanning nullard.null Amend Article nullnull nullneral nullgulations, nullnullnullnullby changing the
The Discussion behind the Petitioned Zoning Amendment: manullmum height of fences by right from nullfeet to nullfeet for which
The nullw nullnull Christian Church onullHudson, located at this address, no permit is renullired, to renullire a permit for any fence enulleeding null
placed this item on the ballot in an attempt to renullnullone their feet in height, and to renullire nullanning nullard review for any fence
propertnullnullom nullesidential to Businessnull The Planning Board nulloted enulleeding null feet in height unless for agricultural purposes, and
nullnullagainst, as the propertnullis too close to the nulle residential to provide for certain construction standards for the installation
properties that abut the churchnull null addition, the renullnulloning would of fences enulleeding nullfeet. nullnanimously Disapproved by the
place a burden on the residential properties that line nullena Anullenull nullanning nullard.null
The Discussion behind the Petitioned Zoning Amendment:
Article null Are you in favor of the adoption of Amendment No. null The Planning Board nulllt as though thenullneeded more time to
as proposed by Petition for nullnullning as followsnull innullestigatenullesearch this Petition Zoning Amendment due to its
Amend the nullficial nullning nullp of the Town of nulldson by renull wide range onullimplicationsnull The Petition Zoning Amendment was
nullning those parcels of land nullown as Tanullnullp nullnull Lots nullnulland submitted b Pnull eter nulldnullewicnulland nullanne nulldnullewicnull null Burns
nullnull located at nullnulland nullnullLowell nullad, respectively, from being Hill nullnull
P
a
no’s
R
o
a
s
t
B
ee
f
in the nullsidentialnullwo nullnullnullto being in the nullsiness nullnullDistrict.
Said parcels are located at the intersection of nullna Avenue and
The authors of the nulletitioned nullning Amendment state that
Now Open
Lowell nullad. nullnanimously Disapproved by the nullanning nullard.null
nullroposed fence ordinance moderninulls current restrictive fence
The Discussion behind the petitioned Zoning Amendment:
ordinance to encompass the individual needs of nulldson residents
Two houses which abut the nullw nullnull Christian Church, Hudson,
for whom a sinullfoot fence is not sufficient. Allows people to
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better protect themselves, their families, and the value of their
225 Lowell Road
INCOME TAX
property from risnullof devaluation due to personal safety, privacy,
or nullning issues, or issues of visual blight. nullcreases property
(603) 595-7827
PREPARATION rights of homeowners while maintaining the integrity of residential
(in front of Hudson Cycle)
• Electronic Filing
neighborhoods. nullvers safety, appearance, and location of fences.
Section on fencing innullround pools unchanged. nullotects many
• Walk-In or by Appointment properties in town, on which nullonnullermittednullfences over sinullfeet
Talk to
tall already enullst.null
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Selectmennulls Articles
883-3912
Article null nulltification of nullltinullear nullntract negotiated between
Send your stories and photos
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the Town of nulldson nullard of nulllectmen and the
to news@areanewsgroup.com
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(Above Aubuchon Hardware)
nulldson nullghway nullionnullAnullnullE nullcal 1null1nullfor
to news@areanew
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Mon.-Thurs., 8:30am-7pm, Fri. 8:30-5pm.Sat. 8:30am-12:30pm nullage nullnullnefit nullcreases.
Shall the Town of nulldson vote to
approve the cost items included
in the collective bargaining
Talk to
agreement reached between
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the Town of nulldson nullard of
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Selectmen nullnullnulland the nulldson
nullghway nullion, Anullnullnullnullnull,
Send your stori
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es and photos
Dr. William Gagnon & Dr. Slava Abdelrehim
which calls for the following
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to new
to news@areanew
s@areanewsgroup.com
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increase in salaries and benefitsnull
to news@areanewsgroup.com are pleased to announce that Dr. Christine Lonegan
nullear Amount nullLAnull
has joined our office at Hudson Dental Associates.
nullnullnull nullnullnullnullnull null,nullnull nullnull
nullnullnull nullnullnullnullnull nullnullnullnull nullnull
nullnullnull nullnullnullnullnull nullnullnullnull nullnull
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Dr. Lonegan is accepting new patients.
Scoop!
Scoop!
Please call us at (603)889-8499 to schedule
and further to raise and
appropriate the sum of null,nullnull
an appointment.
for the nullnullnullnullnullnulliscal nullear,
Send
said sum representing the
your
additional costs attributable
to the increase in salaries and
stories
benefits over those paid in

and
HUDSON DENTAL ASSOCIATES, PA the prior nulliscal nullearnull nullhis

photos to

appropriation is in addition
news@areanewsgroup.com
news@areanewsgroup.com
5 George Street, Hudson, NH
to Article null, the nullerating
nulldget.null nullecommended by
603-889-8499
the nullard of Selectmen nullnull
nullecommended by the nulldget
www.hudsondentalnh.com
nullmmittee nullnull
continued to page nullnull
Article nullenullew
Christine T. Lonegan, D.M.D.
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