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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
  • Lies, damn lies and phony tax statistics

    Thomas M. Neale's letter to the editor ("The wealthy pay more than their fair share," May 14) uses the usual Republican tactic of irrelevant statistics to confuse the issue of tax fairness. It does not matter that the top 1 percent of taxpayers pay 38...
  • Maryland offers tax relief on debt forgiveness

    For a long time, you had to pay income tax on debt that your mortgage lender forgave. During the height of the housing crisis, the federal government offered a reprieve — it stopped collecting income tax on up to $2 million of forgiven mortgage debt...
  • Gambling's most taxing issue

    Gambling's most taxing issue
    This Wednesday's planned opening of the half-billion-dollar Maryland Live! Casino at Arundel Mills marks a red-letter day in Maryland gaming history. The scale of the enormous, 330,000-square-foot facility is stunning: It will eventually house 4,750...
  • About 21,000 high earners paid no federal income tax

    About 21,000 high earners paid no federal income tax
    A new report from the IRS shows that nearly 21,000 American households with incomes of $200,000 and up didn't owe federal income taxes. If you're like me, your first question is: How can that be? Your possible next question: Can I get that kind of tax...
  • Tax policy on the fly

    Tax policy on the fly
    Disinclined as we may be to pity the plight of those making more than $500,000 a year, the state Senate, in its attempt to raise more revenue from such top earners, has gone too far. The Senate has adopted a plan that appears to be unique among the 50...
  • 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...
  • 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...
  • House plan would cut Senate income tax hike in half

    A budget plan moving through the House of Delegates calls for an income tax increase of less than half the size of the hike passed by the Senate last week and would spare taxpayers who make less than $100,000. A House committee approved amendments...
  • 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...
  • House panel would raise taxes-- but less than Senate

    A Maryland House committee voted Monday to raise income taxes — but by a significantly smaller amount than either Gov.Martin O'Malleyor the Senate has proposed. The House plan, backed by SpeakerMichael E. Busch, would spare taxpayers who make...
  • Key state lawmaker calls for property tax cap overhaul

    Key state lawmaker calls for property tax cap overhaul
    A state lawmaker who helps set tax policy is calling for an overhaul of Maryland's property tax cap law, after a Baltimore Sun investigation documented how the costly program has resulted in homeowners across Baltimore paying vastly different amounts...
  • Zirkin: Why isn't Rodricks disgusted?

    Dan Rodricks turned his editorial fire on me for standing up against income tax increases passed by the state Senate that would hit nearly all Marylanders in this sluggish economy ("Maybe Bobby Zirkin should be a Republican," March 20). Mr. Rodricks seems...