Income Tax

The Kentucky General Assembly will begin the first part of the 2013 30-day session Jan. 8, and Sen. R.J. Palmer, D-28, said tax reform, the possible legalization of hemp and school safety could all be targeted by legislators. “I have discussed...

WASHINGTON (AP) - President Barack Obama rolled to re-election Tuesday night, vanquishing former Massachusetts Gov. Mitt Romney despite a weak economy that plagued his first term and put a crimp in the middle class dreams of millions. In victory, he...

Setting the record straight Dear Editor, I did not attack Debbie Rose in the letter to the editor. I stated the reason other cities might have lower payroll taxes — because they get the payroll taxes county-wide, not just city-wide. And the...

I’ve been fighting for years to see Kentucky overhaul its antiquated, behind-the-8-ball tax code. This year’s gubernatorial race brings us at least some progress. During the Republican primary, candidate Phil Moffett was the first to go on...

I’ve been fighting for years to see Kentucky overhaul its antiquated, “behind the 8-ball” tax code. This year’s gubernatorial race brings us at least some progress. During the Republican primary, candidate Phil Moffett was the...

Over the course of the last week, the Kentucky House of Representatives honored fallen military members and their families in a solemn, moving ceremony in the House chamber. This tradition began in 2004 and the service has become one of the most...

One of the oldest canards in existence today is that U.S. corporations pay staggeringly high corporate income taxes, and that we must therefore cut the corporate income tax rate to keep America “competitive.” While the statutory corporate...

Three candidates for Kentucky governor appeared in Louisville Friday and sparred on issues including tax reform, a statewide smoking ban and a drug-testing requirement for those receiving public assistance. Republicans state Sen. David Williams, R-...

Taxpayers should make sure they are aware of many important changes to the tax law before they complete their 2010 federal income tax return. Here are several important changes that the IRS wants you to keep in mind when you file your 2010 federal income...

The Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010, enacted on December 17, 2010, included several changes impacting workers’ take-home pay and retirees’ net pension checks for 2011. The Tax Relief Act extended...

Two years ago on their night of infamy, 1/11/11, General Assembly Democrats — and exclusively Democrats — voted to raise the Illinois personal income tax rate by 67 percent. Many Illinoisans have been furious about that sop to chronic...

It takes special gall to raise taxes for some Illinoisans so soon after they were hit with a massive increase in state income tax rates. So, give an audacity award to any "progressive" trying to renew the ill-timed and perennial campaign to replace...