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Federal Income Tax

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A collection of news and information related to Federal Income Tax published by this site and its partners.

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    May 23, 2012 |Story| Baltimore Sun

  1. 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...

    Tags: Taxation, Mortgages, Income Tax, State Income Tax, Maryland General Assembly

    2. May 22, 2012 |Column| Baltimore Sun

  2. Defining down 'rich' won't save Maryland's budget

    Plastic surgery and Botox made 40 the new 30. In this month's special session of the General Assembly, Maryland's Democratic legislators made $100,000 the new $1 million. Unlike doctors and pharmaceuticals, however, members of the state's majority party...

    Tags: Taxation, Botox (drug), Democratic Party, Howard County, Income Tax

    3. May 22, 2012 |Story| Baltimore Sun

  3. 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...

    Tags: Unemployment, Taxation, Income Tax, State Income Tax, Personal Income

    4. May 17, 2012 |Story| Baltimore Sun

  4. It's time for tax reform that benefits the middle class

    Thomas Neale's recent letter to the editor employs uses usual Republican tactic of throwing out irrelevant statistics to confuse the issue of tax fairness ("The wealthy pay more than their fair share," May 14). It doesn't matter that the top 1 percent...

    Tags: Taxation, Income Tax, State Income Tax, Personal Income

    5. May 13, 2012 |Story| Baltimore Sun

  5. Ire over income tax plan to get louder Monday

    A Maryland family making more than $175,000 will pay at least $254 more in income taxes this year under a revenue-raising plan the Maryland General Assembly is expected to take up when it convenes for special session on Monday.
    A Maryland family making more than $175,000 will pay at least $254 more in income taxes this year under a revenue-raising plan the Maryland General Assembly is expected to take up when it convenes for special session on Monday. The same family of joint...

    Tags: Maryland Chamber of Commerce, Taxation, Regional Authority, Robert L. Ehrlich Jr., Business

    6. Mar 15, 2012 |Story| Baltimore Sun

  6. Maryland Senate votes to tax the rich

    The state Senate voted Thursday to significantly raise taxes on Marylanders earning half a million dollars or more — prompting complaints that liberals were bent on launching class warfare in the state. The Senate's vote to adopt what is being...

    Tags: Warren Buffett, Baltimore County, Executive Branch, Calvert County, Thomas V. Mike Miller

    7. Mar 18, 2012 |Story| Baltimore Sun

  7. 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 states and would violate a cardinal rule of income tax policy, which is that a dollar earned should not cost more than a dollar in taxes. When the House of Delegates takes up the budget, it will have some work to do to clean this mess up.
    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...

    Tags: Taxation, Income Tax, Real Estate, State Income Tax, Personal Income

    8. Mar 12, 2012 |Story| Baltimore Sun

  8. 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...

    Tags: Democratic Party, Companies and Corporations, Taxation, Howard County, Income Tax

    9. Mar 28, 2012 |Column| Baltimore Sun

  9. Tax 'facts' that wouldn't fool a fifth-grader

    The shad, America's founding fish, has started its annual run up the Chesapeake Bay and into the Susquehanna River, and here in Maryland, Land of Pleasant Living, there's been a run of foolish facts, too. My email box has been full of them lately, a sudden spring run stirred to life by recent columns on Maryland's many millionaires and the wild idea that they should pay income taxes at a higher rate than the rest of us.
    The shad, America's founding fish, has started its annual run up the Chesapeake Bay and into the Susquehanna River, and here in Maryland, Land of Pleasant Living, there's been a run of foolish facts, too. My email box has been full of them lately, a...

    Tags: Unemployment Benefits, Taxation, Temporary Assistance for Needy Families, State Income Tax, Interior Policy

    10. Apr 8, 2012 |Story| Baltimore Sun

  10. Final day? Many issues still hanging for Assembly, foremost the budget

    A lengthy roster of high-profile bills remains unresolved as the General Assembly begins what is supposed to be the final day of its 2012 session: Offshore wind power. A doubling of the so-called "flush tax." The future of gambling in Maryland.
    A lengthy roster of high-profile bills remains unresolved as the General Assembly begins what is supposed to be the final day of its 2012 session: Offshore wind power. A doubling of the so-called "flush tax." The future of gambling in Maryland. But...

    Tags: Taxation, Executive Branch, Budgets and Budgeting, Michael E. Busch, Annapolis

    11. Feb 1, 2012 |Story| Baltimore Sun

  11. O'Malley makes his case for 'investments' in Maryland

    Gov. Martin O'Malley used his State of the State address Wednesday to make his case for his most ambitious legislative agenda since taking office.
    Gov. Martin O'Malley used his State of the State address Wednesday to make his case for his most ambitious legislative agenda since taking office. Now comes the hard job of selling it. In an upbeat, 33-minute speech to both chambers of the General...

    Tags: Harford County, Minority Groups, Regional Authority, Executive Branch, Civil Rights

    12. Jan 26, 2012 |Story| Baltimore Sun

  12. Let's talk about the meaning of fairness

    In his State of the Union address, President Barack Obama talked about Americans paying their fair share in taxes. For most of my life, I thought that I had a reasonably good idea about what "fair" means — except for that period when my children...

    Tags: Taxation, Warren Buffett, Income Tax, Rentals, State Income Tax

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