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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 13-24
  • More gambling is not the answer for Maryland

    More gambling is not the answer for Maryland
    Less than three months after the Maryland General Assembly met in a special session to raise the state income tax on many middle-class families, there is a growing likelihood that lawmakers will soon descend on Annapolis again. This latest special session...
  • Complaint about Maryland taxes fails to consider effect of the alternative minimum tax

    In his op-ed "Annapolis dines at federal expense" (June 13) Sean Kennedy wrote: "The more Maryland taxes federal employees, the less money Uncle Sam can ask from them in taxes." I have issues with this on several points. First, this applies to all...
  • Income tax rate rising for state's high-earners

    High-earners in Maryland will feel a financial pinch as employers start withholding more money from paychecks to accommodate the higher income tax rates approved by the General Assembly in May and signed into law by Gov.Martin O'Malley. The tax...
  • Budget chief urges caution in coming fiscal year

    Although Howard County is starting to emerge from the economic recession, officials must remain cautious when preparing the budget for fiscal year 2013, the county's budget director told the County Council Monday, Nov. 14. Ray Wacks' annual briefings...
  • O'Malley should get rid of the mortgage deduction altogether

    Gov.Martin O'Malley's effort to cut back on tax loopholes is a necessary step to reduce the state's income tax, and eliminating the mortgage interest income tax deduction is a good place to start ("Realtors to rally against proposed change affecting Md....
  • 'Doomsday' budget lays out grim choices

    Senators from Baltimore and the state's largest counties reacted with dismay Tuesday as the General Assembly's chief policy analyst laid out the details of what has been dubbed "the doomsday budget." Warren Deschenaux walked the Senate Budget and...
  • Income tax estimates dip by tens of millions

    A state board revised down estimates on tax revenues for this year and the next, projecting that Maryland would be tens of millions short both years mostly on expectations that income tax receipts will be off.  Maryland's Board of Revenue Estimates...
  • Senate panel approves income tax increase

    Determined to avoid deep cuts to state spending, a Senate committee voted Thursday to approve an increase of roughly one-quarter of a percent in Maryland's income tax rate and to shift part of the state's teacher pension costs to the counties, though at a...
  • Close corporate tax loopholes through combined reporting

    Maryland's General Assembly faces another year of "difficult choices" as it takes up the governor's budget. So it's surprising to me that lawmakers don't turn more readily to what should be an easy choice: closing loopholes in the corporate income tax...
  • A budget breakthrough, but at what cost?

    A budget breakthrough, but at what cost?
    This week, the focus in Annapolis will be on the state's 2013 budget and the compromise struck by the Senate's Budget and Taxation Committee over education spending. Teachers, school boards, county executives and other local government leaders would be...
  • O'Malley to appeal for gas tax

    O'Malley to appeal for gas tax
    Gov. Martin O'Malley is expected to make a personal, perhaps quixotic pitch Wednesday for what could be the least popular proposal in Annapolis this year: raising the tax on gasoline. The governor is scheduled to testify before House and Senate...
  • Howard income tax receipts grow, but not as much as last year

    Howard County income tax collections — the second-largest source of county revenue — continue to increase, which will likely help the county avoid a serious budget shortfall this coming year. "This number kind of confirmed that we are not...