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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
  • The flat tax fraud

    The flat tax fraud
    The so-called "flat tax" is all the rage among Republican presidential hopefuls. Herman Cain was the first. Now, Rick Perry and Newt Gingrich have come up with their own flat-tax proposals. The flat tax is a fraud. It raises taxes on the poor and...
  • At last, state gets good budget news

    For the first time since a recession gripped the country in 2008, Maryland is approaching a General Assembly session with good fiscal news: Neither tax increases nor drastic budget cuts are likely to be needed to balance the budget. The improved forecast...
  • Marylanders brace for taxes as part of 'fiscal cliff' deal

    Marylanders brace for taxes as part of 'fiscal cliff' deal
    Regardless of whether the president and Congress strike a deal or take the nation headfirst over the "fiscal cliff," federal taxes for some Marylanders will increase next year — and under some scenarios the pain could be worse than in other states....
  • Senate panel backs extension of mortgage debt relief law

    WASHINGTON — Here's some encouraging news for financially stressed homeowners across the country: The Senate Finance Committee has approved a bipartisan bill that would extend the Mortgage Forgiveness Debt Relief Act through 2013. Why is this...
  • What surplus?

    What surplus?
    You stumble upon some extra money lying around the house — some spare change behind the sofa cushions or the equivalent. You might be pleased with your unexpected good (albeit only modestly so) fortune, but you probably wouldn't be looking to...
  • Cassity: Taxing the 'rich' could mean your job

    Taxes. Now there's a word that's sure to get the blood flowing. Although perennially a subject for discussion, it seems that it's become more a part of our national and state and even local discourse over the past few months. So, always interested in...
  • Yes on Proposition 30, no on Proposition 38

    Yes on Proposition 30, no on Proposition 38
    The day Gov. Jerry Brown took office in 2011, the state budget was more than $25 billion in the red — the latest installment in a long-running drama of boom-and-bust budgeting. Since then, lawmakers have slashed billions of dollars from education,...
  • It's time for tax reform that benefits the middle class

    Thomas Neale's recent letter to the editor employs uses usual Republican tactic of throwing out irrelevant statistics to confuse the issue of tax fairness ("The wealthy pay more than their fair share," May 14). It doesn't matter that the top 1 percent...
  • Lies, damn lies and phony tax statistics

    Thomas M. Neale's letter to the editor ("The wealthy pay more than their fair share," May 14) uses the usual Republican tactic of irrelevant statistics to confuse the issue of tax fairness. It does not matter that the top 1 percent of taxpayers pay 38...
  • Maryland offers tax relief on debt forgiveness

    For a long time, you had to pay income tax on debt that your mortgage lender forgave. During the height of the housing crisis, the federal government offered a reprieve — it stopped collecting income tax on up to $2 million of forgiven mortgage debt...
  • Central issues of Election 2012

    Whoever wins the presidential election in November will confront urgent problems: Should tax cuts scheduled to expire be renewed? Should federal spending be cut to reduce the deficit or would that weaken an already lackluster economy? After one of the...