Income Tax

House Speaker Chris Donovan has proposed raising the minimum wage in Connecticut from $8.25 an hour to $9 on July 1 and to $9.75 the following July — and in the future having it rise with inflation. Currently, only Washington has a minimum wage...

Mayor Rahm Emanuel today gave an impassioned defense of the city’s effort to intercept millions in state income tax refunds from people across Illinois who owe City Hall money. The speech came after the City Council approved the plan 41-8. “...

LANSING  (AP) -- Michigan Gov. Rick Snyder and Republican lawmakers pushed through a series of far-reaching tax changes in 2011 that will hand businesses drastically lower tax bills while raising the amounts low-income workers and retirees will pay as new...

In announcing a proposal to shift some teacher pension costs to local counties this past week, Maryland Gov. Martin O’Malley said local jurisdictions haven’t had enough incentive to control salaries because the state has borne the cost of...

This year’s income tax filing season is two days longer than usual, but some taxpayers still might feel overwhelmed, an IRS spokeswoman said this week. As a result of Washington, D.C.’s observance of Emancipation Day on April 16, the deadline...

Gov. Martin O'Malley's proposed budget was assailed on many fronts Wednesday as county executives, education advocates, Maryland hospitals and Republican leaders began making their case against the $36 billion spending plan. Some said cuts in payments to...

Gov. Martin O'Malley on Wednesday defended his proposal to ask 20 percent of Marylanders to pay more income taxes, calling his budget plan "a balanced approach" that preserves funding for priorities such as education. At a budget briefing, the governor...

A state board revised down estimates on tax revenues for this year and the next, projecting that Maryland would be tens of millions short both years mostly on expectations that income tax receipts will be off.  Maryland's Board of Revenue Estimates...

Nobody asked me but . . . This news, via MarylandReporter.com, might come as a shock to members of the General Assembly who believe the O'Malley administration is waging a "war on rural Maryland": A poll by OpinionWorks finds that 62 percent of...

NEW YORK (AP) — Millionaires can be just like everyone else. At least when it comes to paying taxes. Mitt Romney released records this week that show he pays a tax rate of about 15 percent of his income. The relatively low figure is raising...