Maryland income taxes would rise and a split of teacher pension costs with local governments would be phased in over four years instead of one, under changes to Gov. Martin O’Malley’s budget plan that were approved by the Senate Budget and Taxation Committee on Thursday.
The tea party isn’t dead. It’s just looking down ballot. While fiscal conservatives remain split over the GOP presidential candidates, grassroots activists are coalescing around a stellar slate of limited-government candidates looking to reinforce and reenergize the right in Washington.
President Obama’s fourth budget has now been released, which allows for a relatively full accounting of deficit spending during his four years in office. The picture isn’t pretty, but it is revealing.
U.S. highway and bridge projects would be financed by tax changes including closing loopholes, forcing early distribution of inherited IRAs and reallocating other tariffs under legislation before a Senate panel today.
Everyone who met in Dewey Square this afternoon had one thing in common – whether they’re an activist with MassUniting, a member of Occupy Boston, or one of the police officers assigned to chaperone today’s protest. They all paid a lot more taxes than General Electric last year.
President Obama this week defined what he believes should be the minimum “fair share” for millionaires and billionaires to pay in taxes. His answer: At least 30% of their income.
On a dreary day last April, Tim Storm, the founder of FatWallet, and his 54 employees formed a convoy of some 30 cars, three moving trucks and a trailer laden with two fiberglass cows (one purple, one black), and drove five miles north from their old corporate home in Rockton, Ill.. to the new FatWallet headquarters in Beloit, Wis.
Hours before he plans to release his 2010 tax returns, Mitt Romney noted at the GOP debate in Tampa that under his opponent’s tax plan, he wouldn’t have paid any taxes at all.
By Ed O’Keefe, The Washington Post Congressional staffers owed about $10.6 million in unpaid taxes in 2010, a slight increase from the previous year and a growing slice of the roughly $1 billion owed by federal and postal workers nationwide. The figures come as Republican efforts to pass legislation allowing federal agencies to fire tax [...]
Mitt Romney has finally confirmed what everyone knew—he’s been a savvy investor. He may not be paying Warren Buffet’s reputed 11% rate, but he’s mostly paid 15%, a far cry from 35% on service income. We know wealthy people like Buffett and Romney benefit from a 15% dividends and capital gain rate.
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