State Income Tax

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 -- Democratic lawmakers on Thursday pushed through an $18 billion package to reduce California's burgeoningbudget deficit, but Gov. Arnold Schwarzenegger said he would vetoit because it didn't meet his demands for an economic recovery plan....

SACRAMENTO -- California's top financial officers said Thursday they will stop issuing IOUs, ending a practice that became the most visible symbol of the state's fiscal crisis. The decision came after meetings between Controller John Chiang, Treasurer...

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...

TOPEKA, Kan. (AP) - Kansas Gov. Sam Brownback has signed massive cuts in state income taxes into law.     Brownback signed the bill during a Statehouse ceremony Tuesday.     A contentious debate continues about whether the cuts will usher in economic...

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...