Your employer may be pocketing your state income tax

Sixteen states now allow corporations to withhold state income taxes from employees and keep the money as an incentive for a business to locate to or remain in a state. That means that, in effect, employees pay personal income tax to their company rather than their state government.

Md. passes income tax hike on six-figure earners

More than 300,000 Maryland residents will pay higher income taxes under a package given final approval by the legislature Wednesday. The tax increase affects single-filers reporting income in excess of $100,000 and joint-filers reporting more than $150,000 in Maryland, the state with the nation’s highest per-capita income. Read full article >>

Tax returns show Scott Brown, Elizabeth Warren among nation’s top income group

The Massachusetts US Senate race, already framed in terms of electing the best guardian for the middle class, will be fought by two candidates in the nation’s top income group. Tax returns show Scott Brown’s income more than doubled to nearly $840,000 after he was elected in 2010, while Elizabeth Warren had nearly $1 million in earnings two of the past four years. Last year, she was in the top 1 ...

Senate passes state income tax ban amendment

CONCORD - After years of legislative debate, it appears voters will get to weigh in on whether the state should make its lack of an income tax an article of its constitution.

Maryland Assembly approves income tax hikes

The Maryland House of Delegates on Wednesday gave final approval to a budget package that raises income taxes for some and splits teacher pension costs with local governments.