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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 157-168
  • Many companies pay no income taxes, study finds

    Many companies pay no income taxes, study finds
    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...
  • Abolish State Income Tax

    Abolish State Income Tax
    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...
  • Darden rents from itself and saves on taxes

    Darden rents from itself and saves on taxes
    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...
  • Former Head of Dallas Crime Stoppers Pleads Guilty to Conspiracy & Tax Charges

    Former Head of Dallas Crime Stoppers Pleads Guilty to Conspiracy & Tax Charges
    Theodora Ross, 52, of Rowlett, Texas, and a former senior corporal with the Dallas Police Department, pleaded guilty this morning, before U.S. Magistrate Judge Irma C. Ramirez, to one count of conspiracy to commit wire fraud stemming from her role as head...
  • 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...
  • Governor stumps for tax increase at City College

    Governor stumps for tax increase at City College
    SAN DIEGO -- Gov. Jerry Brown came to at San Diego City College Monday on the first day classes to campaign for a tax increase to help finance education from kindergarten through community college. Proposition 30 would increase the sales tax by a...
  • State Budget Bill Lowers Sales Tax, Increases State Income Tax For Rich

    State Budget Bill Lowers Sales Tax, Increases State Income Tax For Rich
    The state House of Representatives late Monday approved a Democratic-written budget bill that would cut estate taxes for the wealthy, reduce the sales tax for everyone and increase the state income tax for couples earning more than $1 million a year. For...
  • Cash-strapped Illinois owes companies $4.5 billion

    Frank Vala left a state government job 30 years ago and built up a business that aims to keep seniors across Illinois out of hospitals and nursing homes by assisting them with everyday tasks such as cooking, cleaning or picking up medicine. The state...
  • Illinois income tax rate may rise by 50%

    Illinois income tax rate may rise by 50%
    TRIBUNE UPDATE: Gov. Pat Quinn today acknowledged he plans to raise income taxes in the wake of a Chicago Tribune story that he is considering a 50 percent increase on individuals. He declined to confirm details in the Tribune report, which said he is...
  • A national healthcare reform primer

    A national healthcare reform primer
    Most people with health insurance say they like what they have. They trust their doctors, and they are fearful of any change in their policy. Many of the 47 million uninsured people in this country don't go to the doctor even if they need to because they...
  • Fixing California's revenue system

    Fixing California's revenue system
    It may not have been foremost in the minds of Californians as they completed their tax forms over the last several weeks, but the state has a progressive income tax system, meaning that the marginal tax rate increases as taxable income increases. Everyone...
  • Schwarzenegger eager to sign budget, stump for measures