Kayak & bicycle NH annual stickers?

[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...

[Outdoorsman]

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]

Repealed? Or reduced?

[Descant]

House bill 229 of 2011 repealed the tax on gambling winnings.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 A few years ago taxes on income earned in NH Trusts were repealed which brought a lot of trust and investment income into the state.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]

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Repealed?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]

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.