By Mark Tapscott | 04/15/14 08:52 AM
Okay, it's April 15. Tax Day. Time to render unto Caesar. And render and render and render. For millions of productive Americans, that's the problem -- Caesar expects too much rendering. Curiously, only a slim majority of Americans currently think their taxes are too high, according to the...
By Associated Press | 04/15/14 08:47 AM
The disgraced former city manager who became the face of a multimillion dollar corruption scandal in the small Los Angeles suburb of Bell was sentenced in federal court Monday to 33 months in prison for income tax evasion.
By Don Babwin | 04/15/14 08:46 AM
Gov. Pat Quinn's tour of the state to push his program aimed at helping first-time homebuyers quickly turned political Monday as both he and his Republican gubernatorial opponent wasted no time highlighting likely recurring themes in the 2014 race: wealth and taxes.
04/14/14 08:00 PM
SACRAMENTO, Calif. (AP) — The state Senate leader on Monday backed off an unpopular proposal for a so-called carbon tax on consumer fuels and instead wants to dedicate billions of dollars generated by California's greenhouse gas reduction law to affordable housing, mass transit and high-speed...
04/14/14 02:30 PM
WASHINGTON (AP) — The calendar shows April 15, and you haven't even started on your federal tax return? Chances are, you don't need to fret. If you're due a refund — and about three-fourths of filers get refunds — April 15 isn't much of a deadline at all. The Internal Revenue Service...
04/14/14 02:30 PM
RICHMOND, Va. (AP) — An anti-tax group Americans for Tax Reform is applauding House Speaker William J. Howell for his opposition to Medicaid expansion, praise that comes a year after the group advocated for new leadership in the House of Delegates. "We applaud your leadership and commitment...
By Timothy P. Carney | 04/14/14 12:53 PM
Regulating an industry tends to add to overhead costs, which disproportionately affects smaller operators, leading to industry consolidation. This is why Big Business often supports — or at least tolerates — regulation.
By Ashe Schow | 04/14/14 12:32 PM
Lois Lerner may have retired, but has that eased anyone's distrust of the Internal Revenue Service?
04/14/14 11:30 AM
WASHINGTON (AP) — As millions of Americans race to meet Tuesday's tax deadline, their chances of getting audited are lower than they have been in years. Budget cuts and new responsibilities are straining the Internal Revenue Service's ability to police tax returns. This year, the IRS will...
By Paul Bedard | 04/14/14 09:15 AM
April 15 is a hard day for many, as their annual federal tax bill comes due. But it could have been worse.
By Kerry Lester | 04/14/14 08:54 AM
Faced with an expected $3 billion budget hole from an expiring income tax increase, Illinois lawmakers are grappling with whether to raise taxes to avoid major cuts to schools and social services next year.
By M.L. Johnson | 04/14/14 08:45 AM
A growing number of Wisconsin school districts are asking to raise taxes to cover salaries, utilities and other basic costs, and voters are approving their requests at record rates.
04/11/14 08:45 PM
PHOENIX (AP) — Arizona Gov. Jan Brewer on Friday signed into law a bill that eliminates sales taxes on electricity and natural gas purchased by manufacturers and mining smelters, a move she said was needed to make the state more attractive to large businesses. Brewer signed Senate Bill 1413...
04/11/14 07:15 PM
WASHINGTON (AP) — President Barack Obama and Michelle Obama paid $98,169 in taxes on $481,098 in adjusted income last year, tax returns the White House released Friday show. They paid an effective federal income tax rate of 20.4 percent and donated significantly less to charity than they did...
By Meghashyam Mali | 04/11/14 03:00 PM
President Obama and first lady Michelle Obama paid $98,169 in federal taxes for 2013 on a reported gross income of $481,098, the White House announced on Friday. In a blogpost on the White House website, press secretary Jay Carney said the president's federal tax rate was 20.4 percent. The...
By Charles Hoskinson | 04/17/14
By Byron York | 04/17/14
By Susan Ferrechio | 04/16/14
By Joel Gehrke | 04/17/14
By Sean Higgins | 04/17/14