Jan 28- Detroit homeowners will see a slight dip in their property taxes due by Aug. 31, the mayor's office said on Wednesday, noting the city's plan to recover from bankruptcy already accounts for a drop in the tax collections this year. Detroit, which emerged from bankruptcy late last year, is reassessing the values of real estate that are used in determining tax...» Read More
The stock market’s rebound from the financial crisis three years ago has created a potential windfall for hundreds of executives who were granted unusually large packages of stock options shortly after the market collapsed. The New York Times reports.
At face value, it seems like an easy, albeit creative way to pay for the extension of the payroll tax cut. Raise the fees that banks pay mortgage giants Fannie Mae and Freddie Mac to guarantee home loans.
The city's hourly wage for its lowest-paid workers will hit $10.24, more than $2 above the California minimum wage and nearly $3 more than the working wage set by the federal government.
With 401(k)s, IRAs, Roth IRAs, and Social Security benefits, seniors have plenty to figure out when it comes to paying Uncle Sam.
Congress is battling over whether to extend the payroll tax cuts passed last year. Here's how to use currencies to trade the debate.
Few, if any, politicians like to raise taxes, and those who do often pay dearly for it. Raising taxes, however, is sometimes a necessity evil, because there is simly no other way to increase revenue or reduce a deficit. What do you think?
Worries about municipal bond issue defaults have been overblown, obscuring the investment advantages of a once trusted debt instrument.
Taxpayers looking for ways to trim their 2011 tax bill, or simply to avoid unpleasant surprises when they file their returns, have a few weeks to make potentially helpful, money-saving moves.
There's nothing like taxes to start an argument. Though virtually everyone thinks they are too high in general, there's little agreement on what's fair for one group versus another.
Personal income taxes are likely to rise as lawmakers grapple with the country’s deficit. That's why some investors are opting for Roth IRAs and betting on paying a lower tax rate now. Not so fast, experts say.
You don’t have to be Warren Buffett to leave money to your family in trusts. There are tools to assist those with even modest wealth to reduce tax exposure, and protect and transfer assets.
If you're weary of focusing on holiday gifts and company parties, you may want to give some attention to another end-of-year ritual: tax-planning.
If a politician in the 2012 election is looking for a way into many a voter's heart, there may be no easier way than to propose a repeal of the alternative minimum tax. But both major parties seem anxious to avoid the issue.
Withdrawing money from a retirement account can carry a high price. Besides jeopardizing long-term savings, withdrawals can incur a 10 percent penalty. Still, if you’re in a financial pinch there are some options for cracking your nest egg that are better than others.
Accountant Paul Etzler says that with a little planning now, business owners can ensure they take advantage of all of the appropriate deductions and credits for the 2011 tax year. Here are his seven tax tips.
Fans of rock groups can get a little testy when their heroes display a less than straightforward attitude to their tax affairs. The latest victim of this is U2, one of the world’s biggest stadium rock bands, which will face protests during its high-profile set at Glastonbury this year.
Cutbacks in public services in New York are the result of lower state and federal investment in the city, rather than lower corporate tax revenues from Wall Street, mayoral aides said on Thursday.
The United States may soon wind up with a distinction that makes business leaders cringe — the highest corporate tax rate in the world, the New York Times reports.
The Obama administration is preparing to inject an unpredictable new variable into its economic policy clash with Republicans: a plan to overhaul corporate taxes.
It's inevitable that people make mistakes. We're only human, after all. But if you make a mistake on your annual tax return, it can you time and money. Here's how to avoid the most common, costly mistakes.