Italy's new prime minister promises to reduce business and income taxes but is short on the details of spending cuts.
Well this is something. Geraghty has his own commentary. The main article he discusses is from the Journal-Sentinel. With growing tax collections now expected to give the state a $1billion budget surplus in June 2015, Walker?s bill will cut property...
Get a good look at President Obama’s dream budget. “Beyond these three areas—tax hikes, defense cuts, and health care price controls–the Obama budget shows almost no restraint. The portion of the budget that is creating the pressure for cuts and consolidation—entitlement spending—is allowed to skyrocket, even with the Medicare cuts. Total entitlement spending rises from […]
Ben Margot/AP By Kimberly Lankford My employer lets us set aside pretax money for commuting costs, but I didn't sign up at the beginning of the year. I just moved, and now I take the subway to work. Can I still get the subsidy? How much is it? It's probably not too late. Show More Summary
Shutterstock/Olivier By Barbara Friedberg Around the time I stopped fighting with my parents and began listening to them, my dad imparted some brilliant financial advice. He told me to become a scholar of the tax law. OK, perhaps heShow More Summary
We've all heard the pitch. This tax break will cut your tax bill. Sometimes, though, great-sounding tax breaks aren't always as advertised. There are requirements you must meet to claim them, such as charitable donations. Yes, gifts to your favorite charity can be deducted, but only if you itemize on Schedule A. Show More Summary
Danny Vinik, The New Republic: Republicans like to promise things they can't deliver, like huge tax cuts that pay for themselves or health reform plans that don't disrupt the existing system. And that's made life difficult for Democrats trying to propose initiatives that, in order to accomplish real goals, come with real costs. Show More Summary
Why, it's almost as if responsible, conservative governance works: Wisconsin will sell $294.8 million in...
(Credit: Pete Prodoehl) Its press release doesn't state specifically why its stable of artists are "owed" a cut of every storage device sold, but the word "entitled" is deployed.
Liberal advocates are joining forces to pressure Gov. Andrew Cuomo to drop his plan to merge the bank tax in New York with other financial taxes, arguing that ending the surcharge will cost the state... To view the full story, click the title link.
By Jeremy Bauer-Wolf | Maryland Reporter The House of Delegates overwhelmingly approved a tax cut in Friday’s session that would benefit Maryland’s millionaires after they die. In a 120-13 vote, the House voted to exempt more assets from the estate tax, which taxes a property of a deceased individual if it’s valued at $1 million.... Show More Summary
A recent report by the National Conference of State Legislatures (NCSL) examining state tax actions in 2013 found that “collective revenue actions taken by the 50 states resulted in a slight net tax cut of less than $1 billion, representing...Show More Summary
Put simply, a tax shift means to cut one tax and replace it with another—such as to cut income and/or payroll taxes, and put a carbon price in their place. This is called a “tax swap” or “revenue neutrality,” and a diverse group of stakeholders--ranging from Citizens Climate Lobby to ExxonMobil--are coming out in support of it. Show More Summary
The Scotsman cuts to the cackle with this interesting insight into what some Scottish Labour MPs really think about plans to devolve responsibility for welfare and income tax to the Holyrood Parliament. "Over our dead bodies" is howShow More Summary
My regular column is available to subscribers on www.thesundaytimes.co.uk This is an excerpt. Where is all the pre-budget speculation? In just 10 days George Osborne will deliver his fifth budget and there has been so little fuss you could...
Today Danny Alexander, the Lib Dem Treasury Secretary, will deliver his speech at the Lib Dem Spring Conference in York. In it, he will call on the Tories to agree to Lib Dem plans for a £100 tax cut at the next budget on 19th March. He will put pressure on the Conservatives to accept […]
Getty Images By Jon Lal As the deadline for filing federal income taxes nears, have you thought about how you can cut money, time or frustration in how you file your return? The Internal Revenue Service's Free File allows for a no-cost federal return if your household's 2013 adjusted gross income was $58,000 or less. Show More Summary
Treasury Chief Secretary Danny Alexander will say the party’s 2015 manifesto is to include the pledge to almost double the personal income tax allowance to £12,500 as one of the main Liberal Democrat demands in any coalition talks after the 2015 election, compared to the rate of £6,475 that was left by Labour in May 2010. Since […]
Choosing the right accounting period can save money--and headaches. You finally did it last year. You cut the ties to your former employer and became your own boss. Now, you're inundated with government tax forms with all sorts of deadlines...Show More Summary
By Steve Wilson | Mississippi Watchdog Mississippi and other states are furiously stocking their “green rooms,” collecting and arranging tax incentives and other perks — the proverbial sparkling water — to lure Hollywood producers and directors. Show More Summary