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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 12-22
  • Defeated Democrats do well under Quinn

    Defeated Democrats do well under Quinn
    While the political adage holds that to the winner go the spoils, under Democratic Gov. Pat Quinn, even some losers have done very well. Take Dan Seals. He failed three times to win a North Shore congressional seat, and his tax returns showed he mostly...
  • A plan that helps retirees and Maryland

    A plan that helps retirees and Maryland
    The next several years will see a flood tide of a new kind of retiree — the rollover retiree. Millions of baby boomers will be transitioning into retirement without the comfort of the old-fashioned monthly pension check, but rather with a lump sum...
  • Allentown sets tax district for hockey arena

    Allentown sets tax district for hockey arena
    The sales tax you paid on that pint of Fegley's amber lager you downed at the Allentown Brew Works last month could soon be helping finance the city's new hockey arena. Same goes for that penne arrabiatta you had for lunch at Pasta Alla Rosa. If you have...
  • State budget surplus greater than expected

    State budget surplus greater than expected
    Maryland finished the most recent budget year with nearly $1 billion in unspent funds, a surplus that was more than 50 percent higher than expected, mostly due to stronger-than-anticipated income tax receipts, officials said Thursday. "It is...
  • Assembly still hasn't passed a budget

    Pushing legislative brinkmanship to its limits, the General Assembly will go into the last scheduled day of its 90-day session Monday without an agreement on the one thing it must get done under Maryland's Constitution: pass a balanced budget. Most...
  • Federal tax deduction for mortgage insurance premiums expires

    Though its demise drew little attention because of the partisan year-end brawl over the payroll tax cut extension in Congress, a key mortgage financing benefit disappeared at the end of December: the ability of large numbers of home buyers and owners to...
  • Republicans slam Democrats on anniversary of Illinois tax hike

    Republicans slam Democrats on anniversary of Illinois tax hike
    It’s been one year since Democratic Gov. Pat Quinn signed off on a 67 percent income tax rate increase and Republican legislative leaders didn’t let the milestone pass in silence, gathering Thursday to warn that the temporary hike will...
  • Malloy To Propose Sunday Alcohol Sales; Not A Blue Law

    Malloy To Propose Sunday Alcohol Sales; Not A Blue Law
    In a move that could change Connecticut's liquor landscape, Gov. Dannel P. Malloy will propose allowing Sunday sales of alcohol at package stores and beer at supermarkets. The change must be approved by the state legislature, which has repeatedly...
  • O'Malley defends plan to raise taxes

    O'Malley defends plan to raise taxes
    Gov. Martin O'Malley on Wednesday defended his proposal to ask 20 percent of Marylanders to pay more income taxes, calling his budget plan "a balanced approach" that preserves funding for priorities such as education. At a budget briefing, the governor...
  • A tough budget

    A tough budget
    Gov. Martin O'Malley today submitted what is likely to be among the most controversial budget proposals in his two terms in office. Faced with a $1 billion gap between projected spending and revenues, and committed to a goal of finding real solutions to...
  • Critics rail against O'Malley's spending plan

    Critics rail against O'Malley's spending plan
    Gov. Martin O'Malley's proposed budget was assailed on many fronts Wednesday as county executives, education advocates, Maryland hospitals and Republican leaders began making their case against the $36 billion spending plan. Some said cuts in payments to...