By Sophia Tareen | 03/26/14 08:32 AM
Quinn is expected to stress his election-year theme of protecting the middle class as he presents a budget address Wednesday that political experts and lawmakers say could be his toughest yet.
03/25/14 06:45 PM
WASHINGTON (AP) — Virtual currencies like bitcoin will be taxed like property — not currency, the Internal Revenue Service said Tuesday. The IRS says bitcoin is not legal tender. You can't use it to pay your taxes. However, if you receive wages in bitcoin, you have to pay taxes on it just...
By Betsy Woodruff | 03/25/14 06:13 PM
A Democratic Congressional candidate in California has been hit with a penalty after failing to pay all the taxes due on her Washington, D.C., apartment. Amanda Renteria, who is challenging incumbent GOP Rep. David Valadao, has outstanding taxes due on the D.C. row house she owns with her...
03/25/14 05:00 PM
SACRAMENTO, Calif. (AP) — A 10-year corporate tax credit for companies that move to California and create more than 100 new jobs, diverting nearly $10 billion in high-speed rail bond money to water storage projects and promoting fracking for oil and natural gas are among the policy proposals...
03/25/14 06:00 AM
INDIANAPOLIS (AP) — Republican Gov. Mike Pence is set to sign into law a package of Indiana business tax cuts approved by lawmakers earlier this month. The governor scheduled an event Tuesday in Greenwood to sign a bill cutting the state's corporate income tax and providing options for county...
By Calvin Woodward | 03/24/14 07:52 AM
The new health care law helps some people, hurts others and confuses almost everyone. Hoping to simplify things a bit, The Associated Press asked its Twitter, Facebook and Google Plus followers for their real-life questions about the program and the problems they're running into as the March 31...
By Andrew Taylor | 03/24/14 07:50 AM
Divisions among Republicans over a budget deal and a shortfall in tax estimates are complicating the House GOP's efforts to advance a spending plan this spring. Party leaders insist the GOP-controlled House is moving full speed ahead to approve one, but it has fallen behind schedule amid concerns...
By Associated Press | 03/22/14 01:14 PM
Under the banner of fairness and equality, the Democratic candidates for governor are proposing a grab bag of changes in Pennsylvania tax laws that would tap wealthy taxpayers and businesses to ease the economic pain of the middle class and the poor.
By Ed Bolen | 03/19/14 02:15 PM
For businesses, an aircraft is as much of a necessity as a computer. That's why when a company buys its own aircraft, it depreciates in the same way as other comparable business investments, including cars, trucks, bulldozers and computers.
By Associated Press | 03/19/14 09:28 AM
A state House committee is set to consider proposed tax increases that Gov. Jack Markell is counting on to help pay for his spending plan for the upcoming fiscal year.
By Associated Press | 03/19/14 09:22 AM
Arkansas lawmakers are returning to the state Capitol to formally end this year's session, but first are expected to consider whether to override Gov. Mike Beebe's veto of a $5 million tax exemption for natural gas drillers.
By Paul Bedard | 03/18/14 03:07 PM
As Tax Day approaches in just one month, a new report finds a huge divide between tax rates throughout the 50 states, with New Yorkers the most heavily burdened with an average bill of $9,718, 40 percent higher than the national average. WalletHub provided Secrets with its “2014 Report on...
By Ashe Schow | 03/18/14 01:08 PM
What little science exists on the safety of e-cigarettes shows that they are a safer alternative to regular cigarettes. But that hasn't stopped some in government - including New Jersey Republican Gov. Chris Christie - from proposing a tax on the cigarette alternative that would make them the...
By Timothy P. Carney | 03/17/14 11:36 AM
The estate tax raises a tiny fraction of federal revenues, but it raises a significant portion of the life insurance industry's money. Life insurance benefits can be tax-free. Inheritances over $5.3 million are taxed — with rates going up to 40 percent. That's why the life insurers lobby...
By Associated Press | 03/17/14 09:37 AM
New Hampshire's Senate continues to weigh a proposed 4-cent hike in the gas and diesel tax to help pay for highway improvements.
By Mark Tapscott | 04/18/14
By Joel Gehrke | 04/18/14
By Washington Examiner | 04/19/14
By Byron York | 04/19/14
By Sean Higgins | 04/18/14