| Aug 23, 2011
| 2:13 PM
Exactly half of all Americans think the amount they pay in federal income taxes is too high, according to an April 2011 Gallup poll, but legendary investor Warren Buffet is not among them. In 2010, Buffet handed over nearly $7 million to Uncle Sam but...
| Feb 23, 2012
| 2:29 PM
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...
| Sep 2, 2011
| 1:46 PM
"Read my lips: No new taxes," George H. W. Bush famously said on the occasion of receiving the Republican nomination for president in 1988. It was a six-word pledge that rallied the party and excited the electorate, and the party has been trying to...
| Sep 13, 2011
| 5:55 AM
A new national report confirms that raising taxes on the super rich DOES NOT lead them to sell their homes, pull their kids out of school and leave their communities in order to seek a new life in a state with marginally lower taxes. Here is a link to the...
| Mar 12, 2012
You may decide, after careful review, that the Roth IRA is a better retirement savings vehicle for you than a traditional IRA. If so, you should consider transferring funds from a traditional IRA to a Roth IRA. This can be accomplished by...
| Sep 25, 2011
| 11:57 AM
If you make money with money, the Great Recession and its record-breaking rate of unemployment doesn't feel so bad. Most of your assets are tied up in the stock market. After the 2007 crash, you felt some pain, but securities rebounded. Since your...
| Mar 12, 2012
A Roth individual retirement account (IRA) is a personal savings plan that offers tax benefits to encourage retirement savings. You can contribute up to the lesser of $5,000 in 2011 and 2012, or 100 percent of your taxable compensation to a...
| Mar 15, 2012
| 8:04 PM
Former State Senate Democrat leader Robert Mellow, of Lackawanna County, has been charged by the federal government with Conspiracy to Commit Mail Fraud and filing a false income tax return. The 70 year old Mellow was a member of the Pennsylvania...
| Oct 25, 2011
| 6:13 PM
A new group wants Kansas to join nine other states that don't have an individual income tax. Supporters claim states like Texas, Tennessee and Florida are growing faster and creating new jobs because they don't have an income tax. A proposal to...
| Nov 3, 2011
| 12:02 PM
The corporate tax rate is 35%. But an examination of 280 of the nation's largest corporations suggests that many aren't paying anything close to that.
The real tax rate paid by a slew of major corporations averages closer to 18.5%, according to a study...
| May 25, 2011
| 1:46 PM
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...
| May 30, 2011
| 8:04 PM
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...