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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
  • Romney Tax Release Comes After Months of Pressure

    Romney Tax Release Comes After Months of Pressure
    Mitt Romney's Friday release of some tax documents came after months of pressure on the Republican candidate to make public more of his financial picture. Republicans urging further release hoped additional documents would put the issue of what Romney...
  • Romney paid 14 percent effective tax rate in 2011

    Romney paid 14 percent effective tax rate in 2011
    Mitt Romney made $13.7 million last year and paid $1.94 million in federal income taxes, giving him an effective tax rate of 14.1 percent, his campaign said Friday. His effective tax rate was up slightly from the 13.9 percent rate he paid in 2010. The...
  • Cain says willingness to admit mistakes is presidential

    Cain says willingness to admit mistakes is presidential
    Republican White House contender Herman Cain, his candidacy under increased scrutiny and heightened criticism as he has moved to the top of some national polls, said today his willingness to admit mistakes is a presidential quality. “The thing that...
  • 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...
  • Emanuel defends income-tax hike refund seizure

    Emanuel defends income-tax hike refund seizure
    Mayor Rahm Emanuel today gave an impassioned defense of the city’s effort to intercept millions in state income tax refunds from people across Illinois who owe City Hall money. The speech came after the City Council approved the plan 41-8. “...
  • 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...
  • 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...
  • 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...
  • A taxing question: Retirement income?

     
    Clout Street reports: Illinois Senate President John Cullerton today suggested the state should start taxing the retirement income of senior citizens who are able to afford it. The state does not currently tax pensions or retirement funds such as 401(k).....
  • Gov. Haley Barbour previews his 2012 campaign in Iowa, Illinois and California

     
    Republican from Mississippi tests the political waters across the Midwest and on the West Coast....
  • Illinois Republicans lay budget cards on the table

     
    Last week, the Illinois Senate Republican caucus released "Facing Fiscal Reality --A plan for reality-based budgeting," a 21-page document that dealt in some detail with the cuts and other changes GOP lawmakers feel are necessary to get the state's...