State Income Tax

With absolute certainty, I am prepared a month before the election to predict the outcome in California: President Obama will carry the nation's largest state and Democrats will maintain dominance in both houses of the state Legislature. Of course...

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&...

It's the kind of education news that never makes headlines: Dozens of teachers and principals from both charter and district-run schools across the Southland gathered last weekend at Loyola Marymount University to talk about what's working in their...

For the past several years, I have been involved with Habitat for Humanity. Habitat’s clientele are people who are on the lower end of the income spectrum. One of the things that has really impressed me has been just how hard many of these folks...

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...

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...

Maryland will begin the process of planning its next budget with about $450 million more than previously projected — mostly as a result of a rebound in revenue collections. According to a document obtained by The Baltimore Sun, the Board of Revenue...

For the third consecutive year Virginia has a revenue surplus, according to Governor Bob McDonnell’s office. The governor says Virginia ended fiscal year 2012 with a $129.2 million surplus. Additionally, total revenue collections rose by 5.4...