Taxes

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Illinois citizens feel squeezed by state tax hikes

May 27, 2011
Illinois is trying to decrease its $13 billion deficit with tax increases. One citizen understands the need to close the deficit, but says the taxes have pinched her budget significantly.
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New York state nears deal to cap property tax

May 26, 2011
With among the highest property taxes in the country, New York aims to limit annual increases but also accommodate school districts.
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Chicagoans wonder if tax money is being flushed down the toilet

May 23, 2011
Chicago mayor Rahm Emanuel will look at whether special tax funds for blighted neighborhoods are diverted too often to big companies.
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States collect more taxes than expected

May 17, 2011
Tax revenues are topping projections in California, New Jersey, West Virginia and others.
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Business tax increase could push Sears out of Illinois

May 11, 2011
Because of Illinois' business tax increase, Sears has become the latest company to threaten to leave the state. The increase has backfired big time on the governor, who's scrambling to make deals to keep major companies from leaving the state.
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White House floats driving tax

May 9, 2011
The per-gallon gas tax is not enough to pay for road repairs. The Obama administration is exploring a new funding scheme.
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Boston tries asking nicely for more taxes

Apr 25, 2011
The city is asking tax-exempt institutions like universities and hospitals to voluntarily pay more property taxes. Please.
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Michigan rethinks its tax code

Apr 22, 2011
As Michigan's governor attempts to close a budget gap of more than $1 billion, a tax credit for the working poor may disappear, and small businesses might get a break on taxes.
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Happy Tax Day from Allan Sloan

Apr 18, 2011
Fortune magazine senior editor-at-large Allan Sloan joins us this morning to wish you a Happy Tax Day, and to commiserate on the complicated, annual process.
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Tax day: invest in yourself

Apr 18, 2011
It's tax day, April 18th. What should you do with the money if you get a refund? (Approximately three-quarters of all taxpayers get money back from...
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