Income Tax

In recent years, California's education budget has taken more than $20 billion in cuts. Anyone who claims wasteful spending is the only problem isn't seeing the entire picture. We have a revenue problem too. According to Education Weekly, California...

Under the Maryland Dream Act, students who want to attend our community colleges or public universities at the in-state tuition rate must have attended a Maryland high school for at least three years. They must prove that their families filed state income...

Mitt Romney's Friday release of some tax documents came after months of pressure on the Republican candidate to make public more of his financial picture. Republicans urging further release hoped additional documents would put the issue of what Romney...

If you talk with the “Yes on 38” campaign, they will tell you that your tax dollars will go towards educating children not towards Sacramento, but critics argue that Californians are already taxed enough. By voting for Proposition 38, you&...

Mitt Romney made $13.7 million last year and paid $1.94 million in federal income taxes, giving him an effective tax rate of 14.1 percent, his campaign said Friday. His effective tax rate was up slightly from the 13.9 percent rate he paid in 2010. The...

WASHINGTON (AP) — Mitt Romney and his wife, Ann, paid $1.94 million in federal taxes on last year's income of $13.7 million, for an effective tax rate of 14.1 percent, his campaign said Friday. That's slightly above the 13.9 percent rate the couple...

WASHINGTON (AP) — Mitt Romney has given Democrats plenty of support for their claim he manipulated his deductions to keep his overall 2011 federal income tax rate above a certain threshold for political purposes. The Republican presidential...

Today, Tribune columnist Eric Zorn debates the 2012 presidential race with conservative activist Chris Robling, a WGN-TV commentator and former executive director of the Cook County Republican Party. To Chris, from Eric: On the first night of the recent...

Mitt Romney's unguarded thoughts about the half of America that pays no income taxes — "who are dependent on government, who believe they are victims" — show a notable lack of empathy as well as political savvy. Maybe that's a surprise. But...

INDIANAPOLIS (AP) — A new study of Indiana's business tax structure suggests the state's tax code discourages the small, home-grown businesses often considered the engines of job creation. The Ball State University study found several tax code...

Taxes. Now there's a word that's sure to get the blood flowing. Although perennially a subject for discussion, it seems that it's become more a part of our national and state and even local discourse over the past few months. So, always interested in...

You stumble upon some extra money lying around the house — some spare change behind the sofa cushions or the equivalent. You might be pleased with your unexpected good (albeit only modestly so) fortune, but you probably wouldn't be looking to...