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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 23-33
  • Nearly Half of American Households Don't Owe Taxes, Government Says

    Nearly Half of American Households Don't Owe Taxes, Government Says
    WASHINGTON, D.C. -- The fastest way to make the tax-averse incensed is to tell them that nearly half of U.S. households end up owing no federal income tax when all is said and done. But like most statistics, it is often misunderstood -- and, in the...
  • 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...
  • Missouri Business Owners Uneasy About 'Fair Tax' Proposal

    Missouri Business Owners Uneasy About 'Fair Tax' Proposal
    A new proposal is on the table that could mean no more state income tax for Missouri residents. But to balance that out, sales taxes would go up, and that has many small business owners across the state feeling uneasy. It's called the "Fair Tax," and...
  • Shippensburg Home Builder Sentenced Following Tax Fraud Conviction

    Shippensburg Home Builder Sentenced Following Tax Fraud Conviction
    A man is sentenced nearly a year after being charged on allegations of tax fraud. Officials say Troy Beam, Shippensburg faces 74 months in prison in relation to charges of tax evasion, obstructing and impeding the due administration of the IRS and willful...
  • A Grassroots Fight Against Bank of America and Other Corporate Tax Dodgers

    A Grassroots Fight Against Bank of America and Other Corporate Tax Dodgers
    Ordinary citizens are examining corporations with a big magnifying glass, and what they're seeing isn't pretty, especially when contrasted with demands that citizens surrender some of their most sacred social programs. Simply put, they are extremely...
  • Abolish State Income Tax

    Abolish State Income Tax
    The only state in the South to see no real population growth over the last decade was Louisiana.  But that might all change if a couple of state legislators get their way.  House Ways and Means Chairman Hunter Greene and Senate Revenue and Fiscal...
  • 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...
  • Illinois taxpayers wake up to new reality: 67 percent hike

    Illinois taxpayers wake up to new reality: 67 percent hike
    While most Illinois taxpayers were asleep early Wednesday, their wallets and bank accounts were being lightened by Illinois lawmakers desperate for more revenue to ease a crushing state financial crisis. The morning-after reality was this: The state...
  • 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...