State income tax

Tax

What a Difference a State Makes for Baseball All-Star Robinson Cano

It's official. New York Yankee Robinson Cano will soon switch coasts as a result of the contract that he signed with the Seattle Mariners. Both teams wanted the five-time All-Star second baseman, and both made nice offers.
Tax

NFL Players Call Personal Tax Foul on Cleveland

As professional athletes' salaries continue to escalate, several revenue-strapped states seem to be looking to the athletes for a solution. Two NFL players are crying foul and taking one major city to court.
Tax

Ultra-Wealthy OK with California's High Tax?

Are the superrich leaving California? Despite the big talk, the ultra-wealthy don't seem to be going anywhere. But that doesn't mean the state isn't losing income and jobs.
Tax

AICPA Backs Income Tax Simplification Bill for Mobile Workforce

A bipartisan bill that would simplify and standardize state income tax collection for employees who travel across state lines for temporary work assignments has received support from more than 250 organizations, including the AICPA.
Tax

NFL Players versus the IRS: It's a Tough Tackle

Professional athletes get a lot of glory, not to mention salaries that range from healthy to obscene, and all for doing what they love. It's one thing to envy their wealth, but when it comes time to file taxes, be glad you're not one of them.
Tax

Tom Hanks Flees NYC before the Tax Bug Bites

It must be a pain to be wealthy and famous. Most people who enter a state on business can slip in, do a deal, and go on home without drawing the unwanted attention of the IRS. But for Tom Hanks, it's not so easy.
Tax

Can You Afford Free? Taxes Spoil the Game Show Win

You've seen game shows where contestants hop around the stage excited beyond belief at the possibility of winning cash and prizes. What you don't see, according to some of the winners, is when the other shoe drops. That is, the tax shoe – and it drops fast.
Tax

Fewer Americans Pay No Federal Income Tax in 2013

Thanks to an improved economy and the expiration of most tax stimulus measures, the percentage of Americans who pay no federal income tax is falling, from 47 percent of households in 2010 to 43 percent in 2013.
Tax

How State Income Taxes May Be Redrawing the Population Map

Not many political potatoes are as hot as taxes. Whatever your opinion about state and local taxes, it's prudent now and then to gauge how the prevailing rates affect a state's fiscal health overall.
Tax

Al Pacino's Tax Lien Sleeps with the Fishes

California can cross one celebrity off its deadbeat list. Al Pacino was into the Golden State for $31,706.04 (knowing what's good for him, the Godfather did not forget the extra four cents).
Tax

Tax Makes Boxing in US a Bad Bout for Pacquiao

Filipino Manny Pacquiao is a superstar among professional boxers. The eight-division titlist isn't one to run from a challenge, but one bout he's had enough of is the one with the US taxman.
Tax

IRS Seeks to Ease Rules for Innocent Spouses

The IRS is moving forward in its efforts to provide more leeway under the "innocent spouse" rules. On August 12, the IRS proposed a permanent extension of the rule allowing taxpayers up to ten years to apply for equitable relief.
Tax

New York State Tax Collection Plan: No Pay-No Drive

If you're a resident of New York State and you've fallen behind in your state personal tax payments and owe more than $10,000, you might need to hire a driver or take a cab.
Tax

Large Chunk of Taxes Taken from Mickelson's UK Winnings

Phil Mickelson recently had about as perfect a two weeks in the United Kingdom as any professional golfer could hope for. Unfortunately for him, approximately 61 percent of his winnings will go to taxes.
Tax

Taxes Push Income of NFL #1 Draft Pick to Second Place

As of today, the top three NFL draft picks have signed their contracts. As predicted, the numbers came in with only a slight variation from 2012.
Tax

Will Taxes Affect Dwight Howard's 'Decision?'

UPDATE: Did Taxes Push Howard to the Houston Rockets? On July13, the Houston Rockets will hold a press conference to announce free agent Dwight Howard has decided to join their ranks.
Tax

Free Agency Brings Back Pivotal State Income Tax Issue

The NBA free agency period began hot and heavy on July 1, and for the NHL, it starts July 5. This means, once again, state income taxes are weighing in as these players negotiate for new contracts.
Tax

Sinbad's Mountain of Tax Debt: It Ain't So Funny

For comedian Sinbad, life hasn't been all that fun for the last several years. Right now he's in debt to the tune of nearly $11 million. Of this amount, more than $8 million is owed to the IRS and another $2.3 million to the state of California.
Tax

Faith Evans' Tax Mess: More Blues than Rhythm

It sounds like small potatoes compared to other celebrities in tax trouble, but it's bad enough to pump up the blues for rhythm and blues singer Faith Evans. Evans is into the state of California for $29,535.48 relating to her 2011 income.
Tax

New Orleans Saints Coach Sean Payton Settles Tax Credit Lawsuit

Twenty-seven investors, including Saints coach Sean Payton, wanted to reduce their overall state income tax liabilities by investing in movie production tax credits. But the film studio was defunct, and the tax credits didn't exist.

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