Income Taxes: 30 Million May Be Hit by AMT This Year

Dreaded AMT Will Soon Affect Millions More Taxpayers

Emboldened GOP wants to abolish state income taxes

A year after Republicans swept into office across the country, many have trained their sights on what has long been a fiscal conservative's dream: the steep reduction or even outright elimination of state income taxes.

Optometrist from Nixa heads to prison for evading income taxes

Federal prosecutors say Leslie MacLaren hid income and assets from the government. SPRINGFIELD, Mo. -- A man from Nixa was sentenced in federal court on Thursday for evading income taxes, bankruptcy fraud, impeding the work of the IRS and filing a false tax return on which he claimed a $40 million refund.

Special Taxes for Special Wealth: Why Is Investment Income Different?

Mitt Romney and Mark Zuckerberg's income is impressive and uncommon. But it doesn't necessarily deserve such uncommon treatment in our tax code.ReutersWhen Facebook goes public, Mark Zuckerberg will become ...

Oklahoma governor plans to cut state income taxes

OKLAHOMA CITY, Oklahoma (Reuters) - Oklahoma's Republican governor announced a plan on Monday to dramatically cut state income tax rates and eventually do away with them altogether, and said the state would pay for the cuts by closing "loopholes." Speaking to both houses of the state legislature in her annual "state of the state" speech, Governor Mary Fallin called her tax cut plan "a game ...