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A collection of news and information related to Income Tax published by this site and its partners.

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    Dec 19, 2012 |Column| Los Angeles Times

  1. Proposed cap on federal tax deductions would hit California hard

    You may be unaware of the local ramifications of one of the proposals currently at play in the <a href="http://fantastic.library.cornell.edu/dance.php">danse macabre</a> that passes for fiscal negotiations in Washington.
    You may be unaware of the local ramifications of one of the proposals currently at play in the danse macabre that passes for fiscal negotiations in Washington. This is the plan to cap federal tax deductions at either a set figure or a percentage of...

    Tags: John Boehner, Politics, Mitt Romney, Housing Industry, Property Tax

    2. Jan 22, 2013 |Story| Los Angeles Times

  2. Sympathy for Phil Mickelson, but not too much

    By <a href="http://sports.yahoo.com/blogs/golf-devil-ball-golf/phil-mickelson-warns-drastic-changes-because-state-federal-165909894--golf.html">complaining</a> that state and federal tax hikes are forcing him to make "drastic changes," Phil Mickelson quickly became the poster boy for conservatives and liberals alike. The former said Mickelson <a href="http://www.forbes.com/sites/robertwood/2013/01/21/phil-mickelson-is-not-alone-in-fleeing-taxes/">epitomizes</a> what happens when lawmakers try to fix their budget problems by soaking the rich. The latter said Mickelson should stop whining and <a href="http://thinkprogress.org/economy/2013/01/22/1476801/mickelson-complains-higher-taxes/?mobile=nc">hire a better accountant</a>.
    By complaining that state and federal tax hikes are forcing him to make "drastic changes," Phil Mickelson quickly became the poster boy for conservatives and liberals alike. The former said Mickelson epitomizes what happens when lawmakers try to fix their...

    Tags: Republican Party, Politics, Federal Income Tax, Taxation, Congressional Budget Office

    3. Oct 15, 2012 | Los Angeles Times

  3. Gov. Jerry Brown to hit the road for Prop. 30

    PolitiCal
    After a six-week absence from the campaign trail, Gov. Jerry Brown plans to hit the road this week to promote his signature tax initiative, Proposition 30. On Tuesday, Brown is set to speak at a rally with UCLA students. The......
    4. Oct 17, 2012 | Los Angeles Times

  4. Gov. Jerry Brown rakes in $4 million for Prop. 30

    PolitiCal
    Gov. Jerry Brown may have just rejoined the campaign trail for Proposition 30 this week, but campaign finance filings indicate he's been busy dialing for dollars this month. The governor's tax initiative has raked in more than $4 million since......
    5. Oct 18, 2012 | Los Angeles Times

  5. Gov. Jerry Brown rallies Sacramento students for Prop. 30

    PolitiCal
    Gov. Jerry Brown on Thursday urged students to back Proposition 30, his November tax initiative, saying the measure would stop years of cuts to community colleges. Speaking to about 200 students at a courtyard rally at Sacramento City College, Brown......
    6. Oct 2, 2012 |Story| Los Angeles Times

  6. Yes on Proposition 30, no on Proposition 38

    The day Gov. Jerry Brown took office in 2011, the state budget was more than $25 billion in the red &mdash; the latest installment in a long-running drama of boom-and-bust budgeting. Since then, lawmakers have slashed billions of dollars from education, health, public safety and community development programs, reducing the general fund to the smallest share of the economy in 40 years. Barring a miraculously speedy turnaround in the economy, however, the budget will remain far out of balance for the next several years unless Sacramento raises revenue or cuts spending by a draconian $6 billion annually. Proposition 30, Brown's proposal for a temporary increase in income and sales taxes, would fill that hole. Proposition 38, a proposed income tax hike backed by civil rights attorney Molly Munger and the California PTA, would not. The Times urges a yes vote on Proposition 30.
    The day Gov. Jerry Brown took office in 2011, the state budget was more than $25 billion in the red — the latest installment in a long-running drama of boom-and-bust budgeting. Since then, lawmakers have slashed billions of dollars from education,...

    Tags: Students, Politics, Head Start, Budgets and Budgeting, Transportation

    7. Nov 1, 2012 |Column| Los Angeles Times

  7. Gov. Jerry Brown's muddled message hasn't helped Prop. 30's chances

    SACRAMENTO &mdash; Gov. Jerry Brown may still pull out a victory for his beleaguered tax measure. Then he can tell all us kibitzers to go eat a big Thanksgiving plate of crow.
    SACRAMENTO — Gov. Jerry Brown may still pull out a victory for his beleaguered tax measure. Then he can tell all us kibitzers to go eat a big Thanksgiving plate of crow. Polls show "yes" votes in the high 40s with the "no" side in the low 40s....

    Tags: Parties and Movements, Republican Party, Politics, Regional Authority, Meg Whitman

    8. Oct 28, 2012 |Column| Los Angeles Times

  8. Would Prop. 30 really drive millionaires out of California?

    A counterpart to the biblical adage that the poor will always be with us is the notion that the rich will always be one tax hike away from leaving us.
    A counterpart to the biblical adage that the poor will always be with us is the notion that the rich will always be one tax hike away from leaving us. That's the foundation stone, after all, of the argument against raising taxes on "job creators" and...

    Tags: Politics, Talk Shows (genre), Taxation, Migration, State Income Tax

    9. Oct 3, 2012 |Column| Los Angeles Times

  9. Prop. 30 compounds state's bad tax policy, but we need it anyway

    SACRAMENTO &mdash; Gov. Jerry Brown's tax proposal is terrible public policy. Plain and simple. But it offers the only plausible path to rescuing California schools from more painful budget slashing.
    SACRAMENTO — Gov. Jerry Brown's tax proposal is terrible public policy. Plain and simple. But it offers the only plausible path to rescuing California schools from more painful budget slashing. So it's not so simple. Politics is the art of the...

    Tags: Politics, Regional Authority, Taxation, Business, Government

    10. Oct 11, 2012 |Story| Los Angeles Times

  10. Central issues of Election 2012

    Whoever wins the presidential election in November will confront urgent problems: Should tax cuts scheduled to expire be renewed? Should federal spending be cut to reduce the deficit or would that weaken an already lackluster economy? After one of the hottest summers on record, has the time come for the U.S. to adopt policies to slow climate change? Have sanctions against Iran impeded its nuclear program, and if not, does that make a military strike necessary? What to do about immigration?
    Whoever wins the presidential election in November will confront urgent problems: Should tax cuts scheduled to expire be renewed? Should federal spending be cut to reduce the deficit or would that weaken an already lackluster economy? After one of the...

    Tags: Budgets and Budgeting, White House, Retirement, Nursing Homes, Extradition

    11. Aug 12, 2012 |Story| Los Angeles Times

  11. Senate panel backs extension of mortgage debt relief law

    WASHINGTON — Here's some encouraging news for financially stressed homeowners across the country: The Senate Finance Committee has approved a bipartisan bill that would extend the Mortgage Forgiveness Debt Relief Act through 2013. Why is this...

    Tags: Inventories, Financial and Business Services, Credit and Debt, Economy, Business and Finance, Mortgages

    12. Jan 9, 2012 |Story| Los Angeles Times
  12. |Story
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