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Tax Bracket
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Item one: Bracket makes NCAA memorable (The Intelligencer) You could say I have a very lame bucket list, but filling out my tournament bracket is one of the things I look forward to every year. Your tax queries answered (The Star) Yes to golf balls and shuttlecocks but no to swimsuits and sports shoes. These are among many specifications related to tax exemption. What makes the cut and what doesn’t, who qualifies and who doesn’t are among the many questions from our readers in response to Sunday Star’s stories last week on how to maximise one’s claims when filing tax returns. Business groups fear Ill. gov's proposed tax bump (AP via Yahoo! Finance) Gov. Pat Quinn wants to raise Illinois income taxes by billions of dollars, creating fear that a tax increase would drive away jobs and further damage the state's recession-weakened economy. Corzine drops plans to eliminate property tax deductions (The Star-Ledger) N.J. governor says income tax hike on residents making more than $500K could make up $240M gap Senate deletes state income tax rebates (The Dickinson Press) BISMARCK - The proposed North Dakota $100 million state income tax rebate for this year is gone. At least, as far as the state Senate is concerned. But senators still favor a state income tax reduction, much as Gov. John Hoeven and several other lawmakers have proposed this session. Advertisement: ClubHouse Hotel - Club House Hotel "March Meltdown" Sunday-Thursday $54.50* Special Week-Day Rate ... Gov scraps plan to eliminate property tax deduction (Asbury Park Press) Homeowners with household incomes of $150,000 or less will be able to retain their property-tax deduction in 2010, under a revised budget proposal Gov. Jon S. Corzine announced Thursday. Property tax deduction to stay in revised state budget proposal (Asbury Park Press) Homeowners with household incomes of $150,000 or less will be able to retain their state property tax deduction in 2010, under a revised budget proposal by Gov. Jon S. Corzine. Tax-prep sites may disagree on money owed (Macworld) PC World ran the same tax situation through five popular tax-preparation sites, and got totals that varied by almost $2,000. Corzine revises property tax deduction proposal (The Record and Herald News) Gov. Corzine has scrapped his plans to eliminate the state income tax deduction for most property owners days after hearing from disgruntled residents. Businesses fear Quinn’s tax bump (Rockford Register Star) Gov. Pat Quinn wants to raise Illinois income taxes by billions of dollars, creating fear that a tax increase would drive away jobs and further damage the state’s recession-weakened economy. Experts say the real impact is more complicated.
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