Connecticut income tax going up; calculate the bite out of your ...

HARTFORD ? Residents may or may not have noticed that more items are now subject to the sales tax, but it will be hard to miss the additional taxes that will be withheld from their paychecks in a week?s time.Starting on Aug. 1, the state will begin to capture the boost in the income tax for 2011 approved by lawmakers in May, which is retroactive to the beginning of the calendar year.That means all of the tax increase for this year will be collected in the next five months. You can calculate your new withholding amount using the tables at the bottom of this story. the W-4 form explains the codes on the withholding table.Single and joint filers earning $50,000 a year will see about $200 in additional withholding through December, as will joint filers earning $100,000. Single filers making $100,000 will see about $605 disappear from their paychecks.it starts to jump up for joint filers at the $125,000 level when $510 in additional taxes will be taken out.At the top end, if your adjusted gross income is $1 million, by the end of December you will have contributed $17,400 more to the state of Connecticut, while those hauling in $2 million in salary will send in $19,400 in additional taxes.?You are going to see a bit of a jolt in August, but it falls again in January,? said Sarah Kaufman, spokeswoman for the state Department of Revenue Services, as the new rates will be spread out over 12 months rather than five.Kaufman said the department has been reaching out to businesses since May and alerting payroll companies in particular about the changes.?we also have had a lot of people contacting us. Most employers became aware of the new tax tables shortly after the legislation went into effect,? she said.Kaufman said they notified the Connecticut Business and Industry Association and the National Association of Computerized Tax Professionals on the income tax adjustments, as well as the Connecticut Retail Merchants Association on sales tax changes.Lawmakers made the income tax more progressive by adding three new brackets. the six marginal tax rates now range from 3 percent to 6.7 percent, which at the top end is 0.2 percent higher than the rate in effect last year. this will still be lower than New York when it soon readjusts its highest bracket.Of the 1.45 million taxpayers in Connecticut, according to the Office of Policy and Management, the biggest portion, 77 percent, fall into the 5 percent and 5.5 percent tax brackets, which range in adjusted gross income from more than $20,000 to $100,000 for joint filers.a boost in the sales tax, which now covers a slew of new items, is 6.35 percent, up from 6 percent, the first thing residents ran up against since they went into effect in July and covered such things as clothing under $50 and manicures.the biggest impact of the income tax changes will be felt by those making more than $250,000 as they pay almost 66 percent of the tax, according to the state Office of Policy and Management.Nancy Andrews, spokeswoman for the CBIA, said they have put out information on the changes to try to make sure their members are informed of how this will affect their businesses.Andrew Markowski, the state director of the National Federation of Independent Business, said ?our members are furious? about the boost in taxes since the majority of small businesses are limited liability corporations subject to the income tax.?the bottom line is most of these businesses operate on very thin margins. this will impact how they plan for next year and beyond. Long-term calculations could mean relocating out of state,? mainly down South, Markowski said.Asked if the additional tax will affect household spending, Steven Lanza, executive editor of the Connecticut Economy and a professor at the University of Connecticut, said on the low end, the estimated $10 a week out of a paycheck could equate to the additional cost of filling up your gas tank.?I feel the pinch at the pump, and I think a lot of other folks do too, so I expect state residents will tighten their belts some when it comes to making other purchases. Malls and restaurants will be a little less busy, and jobs will be a little less easy to come by,? Lanza said in an email.on the other hand, Lanza said: ?I think the governor and legislature did about as well as they could in trying to cobble together a balanced budget.?Lanza, in an article in the spring issue of the Connecticut Economy, also argued in favor of gathering more revenue from license fees, tuition, tolls, user charges and investment income, rather that sales taxes.?I think we could have thought more about exploring these other options,? although the state traditionally doesn?t go down that road, he said.Fred Carstensen, an economics professor at the University of Connecticut, said the marginal tax rate changes in Connecticut are fairly small.?Increased taxes in general have a relatively small impact on people?s behavior in the short run,? although that could change long range. right now, he said people migrate from Connecticut to Massachusetts and New York all the time despite their higher taxes.?Taxes are not as powerful a motivator as some would like to claim,? Carstensen said. he said the biggest impact of the increased taxes in Connecticut is that it mitigates against service cuts and massive layoffs.Malloy has threatened to eliminate 6,500 jobs, which could mean more than 4,300 layoffs if he doesn?t get $1.6 billion in savings from state workers. a positive vote on a concession package is now more likely since the State Employees Bargaining Agent Coalition revised its bylaws and a clarified deal is going back out soon for a second shot at approval.Cartensen has said adding to the state?s 9.1 percent unemployment rate will only delay the state?s economic recovery. the tax package, along with the $1.6 billion concession package and other agency cuts, were approved to close the estimated $3.5 billion deficit that the new administration, led by Gov. Dannel P. Malloy, faced as it took office in January.the $40.1 billion, two-year budget was adopted ahead of schedule in May with the new income tax rates projected to raise $1.2 billion over two years.this year?s red ink was caused by dropping revenues in the 2008 recession, the end of one-time federal assistance and the emptying of the state?s rainy day fund.Kaufman said the new tax tables will hopefully make sure that residents are withholding enough so they are not hit with a surprise state tax bill next year.People who are self-employed have to go back and look at what they already paid in past quarters, apply the new rate and make up the difference in the next two quarterly payments, Kaufman said.Markowski said for big businesses, the tax work is farmed out, but for the small guy, he is stuck figuring it out.?their most valuable asset is their time and this takes away from their time,? he said, as he pointed to the four-page document that details how to apply the new eight-page tax tables.find the appropriate code on this form, then use it to calculate your withholding on the table below.


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Connecticut income tax going up; calculate the bite out of your pay

Source: http://www.finance4noobs.com/connecticut-income-tax-going-up-calculate-the-bite-out-of-your-pay/

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How to plan AFTER retirement | Stock market basics, Investing for ...

Ok, so you have retired now, implying that your monthly wages have stopped coming in and you only have a retirement fund with you to count on. Now this is all that you have, so you have make a choice of sitting and eating from this fund or plan to make sure that it keeps growing. So you need to be even more planned after your retirement and make sure that you use lives earnings very judiciously.

By the time a person retires he is well aware of how to protect his money and also know how best to spend the money, but the fact of the matter is that there is a fixed fund to use from. So it is important that this fund grows when the same is not getting used. A retired person can have a lot of options like investing in stock or mutual funds so that the money grows rather multiply along with the market.

No need to stop earning by work

Work is something that keeps people going so, why stop? After retirement you can find yourself a job that will suit you, that is close to your passion like in a library, in a music store etc. There are jobs that do not demand a lot of physical activity and there are always part time jobs that you can do, spend less hours working.

This will keep you fit and there will be a regular flow of money in your pocket making your retirement funds safe to grow with the market. The other things that work will help you fight is boredom. It is often seen that people into retirement find it difficult to kill time and end up spending time in front of TV etc. This is not good for your health (even before retirement it was not !!!)

The fund you have collected needs to be spent wisely and you would need to plan your expenditure and save money wherever you can. You have worked all your life to bring up a fund that has to go on till you are going on, so you have to be financially smarter than before, so that you make sure that you increase your money and protect it too.

Source: http://theuniversityofmoney.com/2011/08/03/how-to-plan-after-retirement/

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Researchers map minority microbes in the colon

Tuesday, August 2, 2011

They make up less than one-hundredth of 1 percent of the microbes that live in the colon, but the bacteria and archaea that sop up hydrogen in the gut are fundamental to colon health. In a new study, researchers take a first look at these "hydrogenotrophic" microbes, mapping where they live and how abundant they are in different parts of the lower intestine.

The findings are reported in the International Society for Microbial Ecology Journal.

This is the first study to sample these ? or any other ? microbes at specific locales in the colon, said University of Illinois animal sciences and Institute for Genomic Biology professor Rex Gaskins, who led the research with Carle Foundation gastroenterologist Dr. Eugene Greenberg. These organisms are particularly difficult to get at because they inhabit a thick layer of protective mucous that lines the colon. Previous studies looked only at microbes passed in stool, Gaskins said.

"With those methods, the less abundant taxa were often undetected," he said. "Little was known about their ecology, or the extent to which the mucosa is colonized and what kind of variation exists."

This is also the first study to compare the diversity and abundance of colonic microbes in multiple (in this case 25) healthy individuals, he said.

Scientists have known for decades that various microbes in the colon collaborate to ferment undigested food and degrade and dispose of the byproducts of fermentation. (M.P. Bryant, who was an animals sciences professor at Illinois, discovered the first hydrogen-based symbiotic relationship among microbes of the gut in the 1960s.)

Disruptions of the colonic ecosystem can have profound implications for human health, Greenberg said. Although there is a genetic component as well, evidence suggests that inflammatory bowel disease (which includes Crohn's disease and ulcerative colitis) emerges in response to a microbial imbalance, he said. A study led by Gaskins in 2006 demonstrated for the first time that hydrogen sulfide, a major byproduct of bacterial fermentation in the gut, is genotoxic (damaging to DNA) and may lead to colon cancer.

"We're getting closer and closer to looking at the microbiological origin of many diseases," Greenberg said.

To get a better picture of the microbes in colonic mucosa, the researchers analyzed biopsies obtained from healthy subjects during routine colonoscopy exams. They sampled the right (ascending) and left (descending) colon as well as the rectum, then looked for genes that contribute to different hydrogen-consuming metabolic pathways.

The researchers found that all of the subjects harbored three important classes of hydrogen-consuming microbes: methanogens, which convert hydrogen to methane; acetogens, which make acetate from carbon dioxide and hydrogen; and sulfate-reducing bacteria, which expel hydrogen sulfide gas.

Methanogens accounted for about half of the microbes seen in each region of the colon and "become more abundant as you advance toward the rectum," said postdoctoral researcher Franck Carbonero, an author on the study.

Sulfate-reducing bacteria (SRB) thrive in the presence of sulfate (a byproduct of eating foods such as meat, milk or eggs that have high levels of sulfur-containing amino acids).

The SRB generally outnumbered acetogens in the right colon, Carbonero said, while acetogens were more abundant than SRB in the left colon and rectum.

The researchers found variation among individual study subjects, particularly in the abundance of the three classes of microbes at different biopsy sites. And the team made a surprising discovery when analyzing biopsies taken less than a centimeter apart: microbial diversity can occur even at this small scale.

"These data indicate that if you get down to the scale at which these microbes make their living, perhaps it's not all the same," Gaskins said. "We haven't begun yet to think at that spatial scale."

The finding is relevant because disease tends to originate in very specific regions of the colon, Greenberg said. Ulcerative colitis starts at the rectum and then proceeds "upriver," he said. "When you see Crohn's disease you see an area of involvement, then it's normal and then you see another area of involvement. And if you do surgery and remove the disease, the disease almost always recurs from the point of removal because ? we believe ? it's been reseeded with microbes."

Future studies will examine the role of hydrogenotrophic microbes in constipation and will look at how diet affects the composition and abundance of microbes in the colon, the researchers said.

###

University of Illinois at Urbana-Champaign: http://www.uiuc.edu

Thanks to University of Illinois at Urbana-Champaign for this article.

This press release was posted to serve as a topic for discussion. Please comment below. We try our best to only post press releases that are associated with peer reviewed scientific literature. Critical discussions of the research are appreciated. If you need help finding a link to the original article, please contact us on twitter or via e-mail.

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Source: http://www.labspaces.net/112318/Researchers_map_minority_microbes_in_the_colon

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What To Find In Danby Portable Air Conditioner | Feng Shui Elements

August 2, 2011 by homeimprovementguru?

What To Find In Danby Portable Air Conditioner

Finding the cool air that people want to have inside of a home in the middle of summer can be nearly impossible at times. That could be the time that some people will want to think about the Danby portable air conditioner. The issue that can arise is not having a knowledge on what they ought to look for in these items. Some of those items to find out will be the space that these will work on, the time period until the desired results should be reached, the drainage on these units, and the amount of money that the individual could save with these.

Determining the size of room that can be cooled down by these is important to consider. When the person considers this, it will be very easy for the individual person to figure out if it will cool down the room they have in mind or not.

The exact time period that is present when the machine starts to chill off the area needs to be looked into. By researching into this, the individual that is getting these may finally start to see they can enjoy the chilly room quickly.

Water removal is what these units will mainly do while cooling off the air. However, the individual that is looking for these needs to learn about how they will be removed to ensure that the floors will not be ruined at any time.

Often since these are only working in cooling down one room, the person that owns them will notice that it is easy to have the best savings. However, the person that is placing these into the rooms will need to learn about how much of a savings they will gain.

Getting a cool room in a house can be difficult and expensive if people are using a central air system. That is the period of time that the individuals should know about the items to seek out in the Danby portable air conditioner to ensure they get the coolest room possible, without the high costing electric bill.

Stand out from the others in your situation and get advice that works! Check out the net?s leading authority on this topic today, go to the site now!: electrolux air conditioner and maytag air conditioner review

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Source: http://www.feng-shui-elements.com/home-improvement-articles/what-to-find-in-danby-portable-air-conditioner/

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