Income Tax

Republican presidential candidate Mitt Romney made $42.7 million over the past two years and paid $6.2 million in taxes, according to documents released Tuesday by his campaign. Romney and his wife, Ann, filed a joint 1040 reporting $21.7 million in 2010...

SACRAMENTO -- Gov.-elect Jerry Brown is getting ready to tell Californians the news they don't want to hear: Taxes need to be raised, services cut and belts tightened. His budget plan includes deep cuts to state services, including university systems and...

SACRAMENTO -- California lawmakers on Tuesday began their overdue debate about how to close a $19 billion budget deficit, casting their differences as a struggle over the future of the nation's most populous state. Neither party expected a breakthrough...

WASHINGTON, D.C. -- The fastest way to make the tax-averse incensed is to tell them that nearly half of U.S. households end up owing no federal income tax when all is said and done. But like most statistics, it is often misunderstood -- and, in the...

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,...

LANSING, Mich. (AP) — Gov. Rick Snyder and Republican legislative leaders worked out a budget agreement Wednesday that would allow for a small cut in individual income taxes, twice as much money for film credits, a slight increase in education...

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...

Hanover Township, Northampton County, dealt Allentown's hopes of a quick end to its paralyzing legal battle over plans for a downtown hockey arena a second setback in as many nights Tuesday, joining Bethlehem Township in rejecting the city's latest...

Bethlehem Township commissioners Monday night rejected Allentown's latest offer to settle their lawsuit against the city's arena project, dealing a crushing blow to the city's hopes of having the $220 million hockey complex open next year. In the first...

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...

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...

SACRAMENTO — Gov. Jerry Brown defends his soak-the-rich tax proposal as just. And besides, he says, it's popular with the non-rich. Never mind that it's the opposite of reform, that it would make California's roller-coaster tax system even more...