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Stephen King hammers Maine governor for doubling down: ‘He’s not man enough to admit he made a mistake’

11 hours agoNews : The Raw Story

Maine Gov. Paul LePage (R) refused to back down in his dispute with author Stephen King, while also doubling down on his call to abolish the state income tax, the Bangor Daily News reported. “Just make me the villain of your next book and I won’t charge you royalties,” LePage said...

Israel says to transfer frozen tax revenue to Palestinians

JERUSALEM (Reuters) - Israel said on Friday it would release millions of dollars of tax income to the Palestinian Authority, three months after freezing the payments in protest at unilateral Palestinian moves towards statehood.

7 Tips on Reporting Your Offshore Income

Many Americans work overseas and draw an income from these foreign countries.  The US policy on offshore income is that you must declare it even if you are paying taxes for it in the country where you work.  So if... The post 7 Tips on Reporting Your Offshore Income appeared first on.

Kahn & Kahn: The Agency Exception to the Anticipatory Assignment of Income Doctrine

Douglas A. Kahn (Michigan) & Jeffrey H. Kahn (Florida State), The Agency Exception to the Anticipatory Assignment of Income Doctrine: One consequence of having graduated income tax rates is that it becomes advantageous to shift income from a high bracket taxpayer to a person in a lower tax bracket. A...

Households Eligible for Affordable Care Act Tax Subsidies Could Owe Money – An analysis by the Kaiser Family Foundation shows taxpayers whose income is higher than what they projected when applying to receive subsidies could be required to repay all or a portion of the credit. Half of U.S. households... The post Households Eligible for Affordable Care Act Tax Subsidies Could Owe Money appeared first on.

Don't Miss These 7 Great Tax Deductions for Parents and Caretakers

April 15th will forever be synonymous with an-often dreaded American obligation: filing our income taxes. It can, and often is, a tedious process that we put off for as long as possible. As you wade through a sea of W-2s, 1099s, and deduction paperwork, parents and caretakers should be aware of the...

Top and Bottom US Federal Income Tax Rates Since 1913

And you thought tax rates on regular income were outrageous today. Take a look at how high the top and bottom income tax rates for both were 70 years ago. Yikes! In 1944 and 1945, taxpayers handed over 94% of their hard-earned income to the federal government on any gains falling within the highest tax […]

Tax Deductions for YouTube Income (and other video income)

YouTube has made it possible for anyone to become a star and earn good money (Remember the Korean guy, Psy?).  So you might very well be one of the many people who earn money through your YouTube channel.  If you... The post Tax Deductions for YouTube Income (and other video income) appeared first on.

Garcia touts 2 tax proposals as fixes for city's finances

After weeks of being criticized by Mayor Rahm Emanuel and his surrogates for not offering specific tax increase proposals to fix Chicago's finances, challenger Jesus "Chuy" Garcia offered two on Wednesday: a graduated state income tax and an expanded sales tax.

AARP's Tax-Aide Offers Free In-Person Tax Help

The AARP's free tax help program matches volunteers with low and middle income people who need help with their taxes. Best of all, it's open to people of all ages. Read more...

These 7 States Have No Income Tax--and That's Not Even the Best Part

These days, thousands of freelancers and entrepreneurs are moving to states because they have no income tax, but there's a lot more to it than that.

IMF agrees: decline of union power has increased income inequality

Discussions of the causes of income inequality typically focus on financial deregulation and tax cuts for the wealthy as key drivers of the trend. In a new paper, the International Monetary Fund broadens the debate by taking a closer look at the effect of declining union power.

2015’s Best States to Be Rich or Poor from a Tax Perspective

Wallet Hub, 2015’s Best States to Be Rich or Poor from a Tax Perspective: After accounting for all taxes, in fact, “the nationwide average effective state and local tax rates by income group are 10.9 percent for the poorest 20 percent of individuals and families, 9.4 percent for the middle...

This Map Shows How Taxes Differ By State

For most of us, taxes are overwhelmingly our largest ongoing expense—bigger than housing, transportation, and other costs. So in addition to your federal income tax, how much your state takes from you makes a big difference for your financial picture. Read more...

Which Places Benefit Most from State and Local Tax Deductions?

Some of the most substantial deductions in the federal tax code are the itemized deductions for state and local income, sales, and real estate taxes. This map shows the variation, by county, in the amounts of these deductions. The measurement...Show More Summary

Secrets Of Tax Refunds, Do-Overs, And Boomerang Cash On Your Taxes

Sometimes you can return money and pretend you never got it. Sometimes you can unwind a transaction and not report it as income on your tax return. Why might you do this and why is it so important that the IRS allows it?

The sharing economy and taxes

This article is by staff writer Suba Iyer. Etsy, TaskRabbit, Uber, AirBnB, and numerous other technologies make earning a little extra income (or even a full-time income) easier than ever. Almost anyone can be a micropreneur these days, even if they started out just pursuing a hobby. Show More Summary

"Deflation" Is Not Actually Bad

`` After years of tax hikes and other assaults on their income, people in various eurozone countries actually started to have more money to spend in real terms. In the Netherlands for example, the fall of inflation had led to something the Dutch had not experienced in years: their wages rose faster than prices. Show More Summary

The Crushingly Regressive Complexity of Income Tax

This complexity of our Federal tax system is crushingly regressive; it is impoverishing, and it is morally indefensible. The post The Crushingly Regressive Complexity of Income Tax appeared first on The Moderate Voice.

305,000 Federal Workers/Retirees Owe $3.3 Billion in Back Taxes

The IRS yesterday released its annual federal employee/retiree tax delinquency report, showing that 304,665 federal workers and retirees owed more than $3.5 billion in back income taxes as of September 30, 2014 (a 6.95% increase over last year), a delinquency rate of 3.12%. The highest delinquency rates among Executive Departments...

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