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Income Tax

A collection of news and information related to Income Tax published by this site and its partners.

Top Income Tax Articles

Displaying items 100-110
  • Illinois income tax rate may rise by 50%

    Illinois income tax rate may rise by 50%
    TRIBUNE UPDATE: Gov. Pat Quinn today acknowledged he plans to raise income taxes in the wake of a Chicago Tribune story that he is considering a 50 percent increase on individuals. He declined to confirm details in the Tribune report, which said he is...
  • State cannot afford to roll back tax hikes

    SACRAMENTO -- With the state's finances already reeling deeper into the red, officials declared this morning that California has fallen short of the federal stimulus money needed to avoid the full brunt of tax hikes and spending cuts lawmakers approved...
  • TEXT: Gov. Kaine outlines the state budget for 2010-12

    Balanced budget preserves safety net programs, maintains Triple A bond rating, maintains position as national leader through combination of cuts and revenue RICHMOND – Governor Timothy M. Kaine today unveiled the 2010 caboose budget and 2010-2012...
  • Deductions for Cars and Other Items You Own

    Deductions for Cars and Other Items You Own
    Familiarize yourself with what is and what is not deductible when it comes to the things you own. And, better yet, some purchases can win you tax credits, which are far more valuable than any deduction can be. A deduction lets you reduce the amount of...
  • Rick Caruso and the Galleria

    How does a developer who doesn't even live in this town get all the power in the world to change the landscape here? Is the City Council even awake? Rick Caruso forgot to mention the wonderful view that used to be visible from the Glendale Marketplace,...
  • 8 outrageous executive perks

    8 outrageous executive perks
    It's annual-meeting season, which means shareholders are about to get their once-a-year look at the pay and goodies given to corporate top dogs as disclosed in company proxy statements. The multimillion-dollar pay packages handed out this year will...
  • Community Commentary: California asks for too much in taxes

    With Friday fast approaching, Californians know firsthand that we pay some of the highest tax rates in the nation. California wage-earners pay taxes on income, purchases, property, gasoline and much more. In fact, Californians pay much more in taxes...
  • In Howard, seeds of optimism

    In Howard, seeds of optimism
    Just as the first green sprouts of spring give rise to optimism for better days ahead, there are hopeful economic signs in Ellicott City, where Howard County Executive Ken Ulman this week proposed a budget that — wait for it — anticipates...
  • Darden rents from itself and saves on taxes

    Darden rents from itself and saves on taxes
    Orlando-based Darden Restaurants has cut its corporate taxes in some states by renting restaurants from itself, using a strategy that has led to challenges and millions of dollars in back taxes for some other big companies. The owner of chains...
  • Finding caregiver tax deductions

    Finding caregiver tax deductions
    Q. Are there any tax deductions or credits that I would be eligible for due to caring for my husband who has Alzheimer's? Yes, there are. Consult your tax person for the details, but here are some guidelines. Deductible care-giving costs may include:...
  • Dems scramble for tax deal amid Quinn's inauguration

    Dems scramble for tax deal amid Quinn's inauguration
    SPRINGFIELD -- Illinois Democrats are scaling back a major income tax increase as they search for votes in a frantic, last-ditch effort to deal with the state's crippling budget crisis. After rank-and-file lawmakers balked at a 75 percent hike in the...