The Portsmouth Herald, a newspaper based in Portsmouth, N.H., is published seven days a week. It provides coverage of area news, sports, classifieds, business and entertainment stories and editorials. The newspaper s Sunday edition circulation totaled more than 24,000 as of January 2006. Part of the Seacoast Media Group, the Portsmouth Herald offers advertising services that reaches a readership of approximately 175,000 through print editions and more than 400,000 online users. The newspaper is a subsidiary of Ottaway Newspapers, which is based in Campbell Hall, N.Y. Ottaway Newspapers is the community newspaper subsidiary of Dow Jones & Company. Dow Jones acquired the company in 1970. Ottaway publishes more than 20 daily and weekly newspapers and other publications along the East Coast. Each Ottaway paper is locally edited and published.
Azarian said the juvenile petitions to be filed with juvenile/family court could include one or all three possible charges of criminal mischief and theft for unauthorized taking (the cans of spray paint), both misdemeanors, as well as interfering with a cemetery or burial ground, which is a Class B felony. Azarian does not believe the prosecutor intends to file a hate crime juvenile petition against the teens for the racial epithets.
Summing these income streams will give you your total income, but you need to go a step further to determine your marginal tax rate which is a key variable for planning purposes. Your marginal rate is based on your taxable income which is computed by subtracting allowable adjustments like IRA contributions and student loan interest as well as your standard deduction or itemized deductions, whichever is larger. This taxable income amount and your filing status (single, married filing jointly, head of household) will land you in one of seven tax brackets (10%, 12%, 22%, 24%, 32%, 35% and 37%) that determine the rate you pay on the next dollar of income. Your marginal rate tells you how much tax you can save by reducing your taxable income by a dollar. For example, if you are in the 24% bracket, every additional $1,000 dollars you can defer into your 401(k) (or HSA, FSA, and traditional IRA) will provide $240 of tax savings. Knowing your marginal tax bracket is also critical for determining how much additional income you can receive before jumping into the next tax rate. This is important for tax planning around retirement when it may be beneficial from a long-run tax perspective to implement Roth conversions to get untaxed IRA dollars through the tax window in anticipation of higher future tax rates.