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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 169-180
  • Governor Rendell Proposes Raising State's Income Tax

    Governor Rendell Proposes Raising State's Income Tax
    Governor Ed Rendell is proposing a temporary increase in the state's personal income tax. The tax would generate $1.5 billion a year for the next three years. Rendell says the hike is necessary to make up for a $3.2 billion dollar budget deficit. "The...
  • 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...
  • State cannot afford to roll back tax hikes

    SACRAMENTO -- With the state's finances already reeling deeper into the red, officials declared this morning that California has fallen short of the federal stimulus money needed to avoid the full brunt of tax hikes and spending cuts lawmakers approved...
  • House Passes American Recovery & Reinvestment Act

    Senator Patty Murray on Saturday announced details of many of the investments and tax cuts included in the American Recovery and Reinvestment Act for Washington state. The bill includes over $6.7 billion in funding for Washington state, including...
  • La. Tax Return Changes

    BATON ROUGE - Louisiana taxpayers should be aware of several changes on the state's 2008 Individual Income Tax Return forms, the Louisiana Department of Revenue announced Tuesday. The changes comply with recent Acts of the Louisiana Legislature....
  • Change In Income Tax Could Replace Business Surcharge

    LANSING (AP) - Gov. Jennifer Granholm says she'd back a graduated state income tax to replace a surcharge businesses now pay on their state taxes. Granholm says she's talked with legislators and business people about a state constitutional amendment to...
  • Quinn Calls Special Session for Budget

    (WGN-AM) - Gov. Pat Quinn has called a special session of the General Assembly for Tuesday to deal with the out-of-whack state budget and several other issues. "There is still much to be done," Quinn said in a statement. "We must find a way to work...
  • Governor Rendell Proposes Personal Income Tax Hike To Preserve Education Funding As Budget Deadline Looms

    Governor Rendell Proposes Personal Income Tax Hike To Preserve Education Funding As Budget Deadline Looms
    Dozens of people came to the Yorktown Hotel to listen to Governor Ed Rendell lay out his plan to raise the state income tax, proposing a 16% tax hike to avoid cuts in education. "With a modest investment of 3 years, that would cost the average...
  • Quinn Abandoning Push for State Income Tax Increase Until Fall

    Quinn Abandoning Push for State Income Tax Increase Until Fall
    (WGN-AM)- Gov. Pat Quinn told the Tribune Friday afternoon that he will abandon his push for a state income tax increase---at least for a few months. In an interview after he met privately with lawmakers, Quinn said he is now focused on passing a "bare...
  • File California tax system revision effort under flawed

    In these budget-crisis days, when California citizens showing true public spirit are thin on the ground, I propose a tip of the hat to Gerald L. Parsky. Parsky, 66, a prominent Los Angeles lawyer and investment executive, has shouldered the thankless...
  • Budget TalksIs There Light At The End Of The Tunnel?

    When it comes to State budget talks, is there light at the end of the tunnel? Could be, according to Democratic leaders who met with the Governor today behind closed doors in her office at the State Capitol and put yet another offer on the table! They...
  • Californians Facing Even Higher Taxes

    Californians Facing Even Higher Taxes
    SACRAMENTO -- While Californians are still feeling the sting of income and sales tax hikes signed into law earlier this year, now comes news that state tax authorities plan to take a little more from their pockets. For only the second time in 30 years,...