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By John CarneySenior Editor, CNBC.com NEW YORK (CNBC) -- The better-than-expected jobs numbers released Friday may mean rising taxes for many workers. January saw 247,000 new jobs added to the economy. Unemployment fell to 8.3 percent. ... Read More »
By John CarneySenior Editor, CNBC.com -- Next year Mark Zuckerberg's base salary will receive a dramatic pay cut -- going from a base salary of $600,000 to just one dollar. Which raises the question: Will he ever pay taxes again? Zuckerberg's salary cut is being compared to similar moves by other tech titans. Google's Eric Schmidt and Larry Page are paid just $1 annual salaries. Steve Jobs Read More »
NEW YORK (TheStreet ) -- Steve Forbes, chairman and editor-in-chief of Forbes Media, was one of those disappointed when Texas governor Rick Perry dropped out of the 2012 presidential race. Forbes endorsed Perry in October 2011 and was a big proponent of his 20% flat tax. Forbes hasn't endorsed another Republican candidate, but did say that he would support whomever the nominee turned out to Read More »
The following commentary comes from Kelly Phillips Erb through our partnership with Forbes. "The income tax has made more liars out of the American people than golf has." - Will Rogers But what if it were easier? And what if the IRS made it nearly impossible to lie? What then? ... Read More »
ATLANTA (TheStreet) -- An overlooked, often misunderstood impact on retirement savings can be summed up in one frightful word: taxes. For years, the focus for retirement plans has been placed squarely on the "accumulation" phase and maximizing investment returns. The onslaught of 80 million retiring baby boomers has made the drawdown of those savings a more mainstream concern. Selling reti Read More »
NEW YORK (TheStreet) -- General Electric says it advocates closing all tax loopholes, an event that would almost certainly result in the company paying more taxes, according to a pair of tax experts. General Electric has a reputation as one of the most effective U.S. companies at minimizing its tax bill. The company's tax strategies attracted widespread attention in March, when they became the s Read More »
NEW YORK (MainStreet) -- Few candidates running for president will ever campaign on a promise to raise taxes on Americans, but this year more than others, many candidates are campaigning on promises to eliminate or drastically cut the most common taxes that people pay. Of the eight major Republican candidates running in the 2012 presidential primaries - by which we mean those who have participate Read More »
NEW YORK (MainStreet) -- Home prices continue to slide, which is bad news for any homeowner thinking of selling. But even those who are settled into their houses for the long haul have another potential concern: Property taxes are often based on an outdated assessment that is higher than the true value of your home. The good news is that you can challenge that assessment if you think the tax as Read More »
The Texas House and Senate passed the $172 billion state budget, which slashes funding for education and human services. The measure now heads to Gov. Perry for his signature. Read More »

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NEW YORK (MainStreet) -- If you haven't yet filed your taxes this year, you're in very good company. Nearly half of Americans (41%) waited until the final four weeks of the tax season last year to file their 2009 returns, with 27% opting to file in the final two weeks before April 15, according to data provided by Intuit's TurboTax. The number of people who waited until the homestretch to file t Read More »
NEW YORK (TheStreet) -- Tax time is here, and for a small-business owner just starting out, the thought of completing individual and, perhaps, business-specific tax filings could be daunting. While most experts say the safest way for business owners to undergo the somewhat painful task of tax filing is to hire an accountant or use software applications such as Intuit's TurboTax, there are a fe Read More »
BOSTON (TheStreet) -- Last year held many tax breaks and credits intended to consumers spending. Federal stimulus money meant an $8,000 credit for homebuyers and breaks for buying hybrid vehicles and fuel-efficient cars and appliances. That was then. Following the end-of-year passage of the Tax Relief Act, many of those stimulus-related perks have disappeared. Nevertheless, there are some moves Read More »
Under a state budget plan, Texans could find themselves digging deeper for traffic fines, child-support payments and other fees. Read More »
A senior adviser said on Sunday the administration is still determined to end cuts for the wealthiest Americans by the end of 2012. Read More »
If Congress fails to act - a possibility given the gridlock that has gripped the Senate - workers at every income level would face significant tax increases next year. Read More »
House Democrats are planning to hit the wealthy with even higher income taxes to pay for their version of a health care overhaul. Read More »
A change in tax rules, which will allow savers at any income level to take advantage of Roth IRAs, could mean a lower tax bill for you come January. Read More »
Wednesday is the deadline for paying federal income taxes, but it’s also when state lawmakers will consider cutting franchise taxes for 132,000 small businesses in Texas including 24,000 in Harris County. Read More »
Most people view taxes as an annual event, but it takes year-round effort to hold on to your cash. Read More »

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