State Income Tax

Facebook Getting A Huge Tax Break, Despite Big Profits: Report

The Huffington Post | Alexander Eichler | Posted 02.13.2012

Read More: Federal Income Tax, State Income Tax, Stock Options, Budget Shortfall, Mark Zuckerberg Stock Options, Facebook Tax, Facebook Stock Options, Corporate Taxes, Facebook, Video, Facebook Income Tax, Federal Budget Deficit, Facebook IPO, Mark Zuckerberg, Corporate Tax Avoidance, Corporate Tax Loopholes, Facebook Stock, Tax Avoidance, Facebook Public, Business News

Facebook's recent decision to go public may be a boon for the company in more ways than one. Facebook is structuring its initial public offering i...

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GOP Sets Sights On Elimination Of State Income Taxes

AP | By SEAN MURPHY | Posted 01.30.2012

Read More: Mary Fallin, Taxes, Gop State Income Taxes, Income Tax, Republican State Income Taxes, Video, Income Taxes, State-Income-Taxes, State Income Tax, John Kasich, Gop, Nikki Haley, Republicans, Politics News

OKLAHOMA CITY -- A year after Republicans swept into office across the country, many have trained their sights on what has long been a fiscal conserva...

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Taking a Pass On "Pass-Through" Income Would Cost Kansas

Nicholas Johnson | Posted 03.26.2012

Read More: Kansas, Corporations, State Income Tax, Sam Brownback, Pass Through Income, Kansas Pass Through Income, Kansas Tax Cuts, Politics News
Nicholas Johnson

Much of the benefit would flow to large corporations and to investment funds. The small-business employers that the governor claims to be targeting generate only 28 percent of all pass-through income.

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Over Two-Thirds Of Corporations Pay No Federal Corporate Income Tax

Alexander Eichler | Posted 01.10.2012

Read More: Boeing, Taxes, General Electric, State Budgets, Verizon, Federal Income Tax, Budget Cuts, Corporate Tax Rate, Wells Fargo, State Income Tax, Corporate Tax, Budget Shortfall, Corporate Taxes, National Deficit, Income Tax, Video, National Debt, Government Layoffs, Nontaxable Businesses, Corporate Tax Breaks, Corporate Tax Loopholes, Business News

At a time when the federal government is starved for cash -- and facing layoffs and cuts in services across the board -- more and more corporations ar...

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Taxes Follow You Into Retirement

Jason Alderman | Posted 05.25.2011

Read More: IRA Withdrawals, Retirement Taxes, Full Retirement Age, Social Security, State Income Tax, 401(K) Plan Withdrawals, Business News
Jason Alderman

Wouldn't it be nice if, after decades of hard work, scrimping and saving, you could retire and no longer have to worry about paying taxes? But that's about as likely as the Cubs winning the World Series.

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Despite Crowing, Illinois Income Tax Still Relatively Low

The Huffington Post | Will Guzzardi | Posted 05.25.2011

Read More: Income Tax, Pat Quinn, Scott Walker, Illinois Income Tax Increase, State Income Tax, Chicago, Table, Illinois Income Tax, State Income Tax Rates, Illinois, Mitch Daniels, Chicago News

Since Illinois lawmakers passed a two-point income tax increase -- raising rates from three to five percent to address the state's dire budget crisis ...

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Cash-Strapped State Passes 66% Income Tax Hike

AP | DEANNA BELLANDI | Posted 05.25.2011

Read More: Illinois, Illinois Income Tax, Illinois Income Tax Increase, Illinois Tax Hike, Taxes, Income Tax, State Income Tax, Chicago News

SPRINGFIELD, Ill. — Illinois Gov. Pat Quinn defended a massive increase in state income taxes passed by lawmakers Wednesday and promised to quic...

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