federal income tax

For better or worse, Marylanders may be more affected by the fiscal cliff tax deal than residents in other parts of the country.

Regardless of whether the president and Congress strike a deal or take the nation headfirst over the "fiscal cliff," federal taxes for some Marylanders will increase next year — and under some scenarios the pain could be worse than in other states.

For the first time since a recession gripped the country in 2008, Maryland is approaching a General Assembly session with good news about its operating budget: Neither tax increases nor drastic budget cuts are likely to be needed.

No, the truth is that current attempts to "redistribute wealth," no matter how they are spun or advertised, are largely serving to penalize success, encourage dependency and create a welfare society in which the "safety net" for those who can't help themselves is increasingly becoming a net of entrapment and entitlement for those who can. The numbers simply don't lie.

Maryland may have closed out the fiscal year $229 million ahead, but that's no surplus

Mitt Romney says he paid at least 13 percent; are we supposed to be impressed?

Tax professionals discuss strategies in a year when no one is sure where taxes are headed.

How 21,000 wealthy Americans managed to avoid owing federal income taxes.

Maryland will offer tax relief on mortgage debt forgiveness

Claims that the U.S. rich pay taxes to support 'freeloaders' is an outright lie

It's time for tax reform that fairly reflects people's actual earnings and expenditures

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 they convene for special session on Monday.

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 , including offshore wind power and the future of gambling in Maryland. But foremost, lawmakers are coming in Monday hoping they can pass a budget.

A plan adopted by the Maryland Senate may be unique among the 50 states in how it would handle income taxes for high earners, and it would violate the principle that a dollar earned should not cost more than a dollar in taxes.

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.

Combined reporting: Instead of tinkering around the edges of reform, General Assembly should take a comprehensive approach to tax avoidance

Gov. Martin O'Malley issued a rousing call for an aggressive program to invest in jobs and honor "human dignity" for families – whether the parents are gay or straight – in an upbeat State of the State Address Wednesday.

Is it right that almost half of Americans pay no income tax?

Robert Reich writes that the flat tax is neither fair nor simple and would serve merely to make the poor pay more and the rich pay less.

Converting 401(k) accounts into annuities could be mutually beneficial

Living in Maryland is less expensive and more satisfying than dwelling in Texas.

Republicans want a double-dip recession so they can take over the government

With gas prices at $4 a gallon, it's time to repeal tax breaks for big oil companies

In Howard County, seeds of economic optimism

If you are a low- to moderate-income taxpayer and you shell out any money to have your taxes done, you're likely paying too much.