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2 hrs ago | Albany Times Union
In keeping with Monday's theme of calling for transparency and tax returns, Republican congressional candidate Elise Stefanik released her accountability and transparency plan and continued her calls for Democrat Aaron Woolf, whom she is challenging in the 21st district, to release his tax returns. "It's time for a new generation of leadership in Washington, DC," Stefanik said in a statement.
6 hrs ago | The Skanner
A new report showing that rising income inequality could negatively affect state tax revenue comes amid a push by Gov. John Kitzhaber, legislative Democrats and others to overhaul Oregon's tax code. With no sales tax and property taxes constrained by 1990s ballot measures, Oregon relies on the income tax for nearly $7 of every $10 it collects - more than any other state.
6 hrs ago | Business Journal
Dave Osborn , president of the Anheuser-Busch Employees' Credit Union, said complaints from bankers about tax exemptions that credit unions receive are hypocritical because banks receive their own massive tax breaks. "Nearly 40 percent of the banks in Missouri and one-third of banks nationally pay no federal income tax," Osborn said.
10 hrs ago | CBS Local
Colorado is among the top 10 states most reliant on income taxes for revenue, according to a new report concluding that income inequality is contributing to slower economic growth nationally. The report released Monday by the credit ratings agency Standard & Poor's finds that from 1980 to 2011 the average annual state revenue growth fell to 5 percent, from 10 percent.
12 hrs ago | Long Island Business News
New York tax collections have continued rising despite a growing income gap between its richest residents and everyone else, even as a national study shows overall growth in state tax receipts slowing as the income gap widens across the U.S. State officials say New York's progressive income tax rate, which rises from 4 percent to nearly 9 percent for earnings above $1.03 million, buoys its largest revenue stream for public services and helps insulate it from the problem faced by states dependent on more regressive taxes like sales taxes.
15 hrs ago | Boston Herald
Advocates for changing Massachusetts' personal income tax may have new fuel for their campaign, as a new national study suggests a more progressive income tax that requires wealthier individuals to pay higher tax rates could help states deal with revenue problems. Standard & Poor's, in a study released Monday, found that the improving fortunes of the nation's top earners corresponds with a decades-long slowdown in tax revenue growth among states.
Tenn. voters to decide ban on income tax Tennessee hasn't seriously considered income tax since failed 2002 attempt Check out this story on theleafchronicle.com: http://leafne.ws/1s2PdWz Tennesseans are just weeks away from voting on a constitutional amendment to bar lawmakers from ever imposing a state income tax. The November vote approaches as a new study from ratings agency Standard & Poor's suggests that rising income inequality has a stronger negative effect on the states most reliant on sales tax revenues compared with those with those more dependent on income taxes.
In this April 1, 2014 file photo, President Barack Obama, accompanied by Vice President Joe Biden, makes a statement on the Affordable Care Act, in the Rose Garden of the White House in Washington. Potential complications await consumers as... View Full Caption FILE - In this April 1, 2014 file photo, President Barack Obama, accompanied by Vice President Joe Biden, makes a statement on the Affordable Care Act, in the Rose Garden of the White House in Washington.
There is still plenty of time left until the April 15 income tax filing deadline. But why wait until the last minute to get your affairs in order? By preparing now, you'll make your and your accountant's life a lot easier come crunch time.
Bical Chevrolet in Valley Stream has received tax breaks from Nassau County to reburbish its showroom and other buildings. We shouldn't call them "tax breaks."
The Internal Revenue Service is not processing complaints against tax preparers in a timely manner, according to a report publicly released today by the Treasury Inspector General for Tax Administration . The IRS processed about 77 million individually electronically filed Federal income tax returns prepared by paid tax return preparers in 2013.
For example, the nation's main anti-poverty program, the Earned Income Tax Credit, uses the tax system to supplement the earnings of low-income families. PRO: Could build support for the health overhaul because tax credits have greater political popularity than traditional government spending programs.
Potential complications await consumers as President Barack Obama's health care law approaches its second open enrollment season, just two months away. Don't expect a repeat of last year's website meltdown, but the new sign-up period could expose underlying problems with the law itself that are less easily fixed than a computer system.
Sure, we're heading into the season of cider mills, crisp autumn leaves and pumpkin-flavored everything. But make no mistake, the tax-swindle is a year-round proposition.
As Jerry Brown seeks his fourth term as governor this year, he's crowing about balancing the state budget after years of deficits that piled up a "wall of debt." He moderated the spending ambitions of his fellow Democrats and, more importantly, persuaded voters to enact temporary sales and income tax hikes, the latter only on the highest-income taxpayers.
Labour's proposed capital gains tax policy and National's tax cut plan provided a challenge to Twitter's inherent requirement for brevity. Photo / File Can Twitter handle serious policy debates? This week has been dominated by tax policy - in terms of National's tax cut plan and Labour's proposed capital gains tax - providing a challenge to Twitter's inherent requirement for brevity.
I'm a tax lawyer based in San Francisco , but I handle tax matters everywhere. I enjoy untangling a tax mess from the past, disputing taxes with the government or planning taxes for the future.
Updated: Mon Sep 15, 2014 05:51 pm
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