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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 34-44
  • With Tax Increases Kicking In, State Budget Surplus Projected At $101 Million

    With Tax Increases Kicking In, State Budget Surplus Projected At $101 Million
    With the largest tax increase in Connecticut history kicking in, the state is projected to generate a surplus of more than $100 million in the current fiscal year - finally pushing the state into the black. While the number might seem surprising after...
  • Howard income tax receipts grow, but not as much as last year

    Howard County income tax collections — the second-largest source of county revenue — continue to increase, which will likely help the county avoid a serious budget shortfall this coming year. "This number kind of confirmed that we are not...
  • Key state lawmaker calls for property tax cap overhaul

    Key state lawmaker calls for property tax cap overhaul
    A state lawmaker who helps set tax policy is calling for an overhaul of Maryland's property tax cap law, after a Baltimore Sun investigation documented how the costly program has resulted in homeowners across Baltimore paying vastly different amounts...
  • Let's talk about the meaning of fairness

    In his State of the Union address, President Barack Obama talked about Americans paying their fair share in taxes. For most of my life, I thought that I had a reasonably good idea about what "fair" means — except for that period when my children...
  • O'Malley makes his case for 'investments' in Maryland

    O'Malley makes his case for 'investments' in Maryland
    Gov. Martin O'Malley used his State of the State address Wednesday to make his case for his most ambitious legislative agenda since taking office. Now comes the hard job of selling it. In an upbeat, 33-minute speech to both chambers of the General...
  • Legislative Session Opening Day: Minimum Wage

    House Speaker Chris Donovan has proposed raising the minimum wage in Connecticut from $8.25 an hour to $9 on July 1 and to $9.75 the following July — and in the future having it rise with inflation. Currently, only Washington has a minimum wage...
  • 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. “...
  • Beavers says feds indicted him on tax charges when he wouldn't wear wire

    Beavers says feds indicted him on tax charges when he wouldn't wear wire
    Cook County Commissioner William Beavers was indicted Thursday on charges he failed to pay taxes on tens of thousands of dollars in campaign funds that he used to pay off personal expenses. But the storied, tough-talking 77-year-old Democrat denied the...
  • O'Malley should get rid of the mortgage deduction altogether

    Gov.Martin O'Malley's effort to cut back on tax loopholes is a necessary step to reduce the state's income tax, and eliminating the mortgage interest income tax deduction is a good place to start ("Realtors to rally against proposed change affecting Md....
  • 'Doomsday' budget lays out grim choices

    Senators from Baltimore and the state's largest counties reacted with dismay Tuesday as the General Assembly's chief policy analyst laid out the details of what has been dubbed "the doomsday budget." Warren Deschenaux walked the Senate Budget and...
  • Allentown, school district revenues will also fund arena

    Allentown, school district revenues will also fund arena
    Boosters of Allentown's proposed hockey arena complex have boasted how the state will foot the bill by coughing up a portion of locally generated state taxes. What they haven't been making noise about is this: The city and school district will help pay...