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getty images
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Higher Vehicle Registration And Gas Prices In Exchange For Better Roads… Are You In?

I think we all agree that there are some things that need some fixing up in Michigan. The roads being one of them. Do you remember the saying' no pain no gain'?

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Olympics Day 10
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Do USA Olympians Pay Taxes on Medals?

As we enjoy the 2012 Olympic Games from London, a lot of discussion has centered around whether or not USA Olympians have to pay income taxes if they win a medal.  The answer is...

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Michigan low-income working families to feel tax hikes in 2013
Alex Wong, Getty Images
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Michigan Low Income Families to Pay Higher Tax

Thank you, Governor Snyder. A report issued Monday says Michigan's low-income, working families will pay more state income tax next year.

Michigan's reduction of the earned-income tax credit will mean about $244 million more in state income taxes.

Who will be affected?

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Category: Michigan News, Money, Newsletter Tags:
401k, Flickr
401k, Flickr
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Tax Day Freebies You Can Take Advantage Of

Tax day is right around the corner and there are plenty of retailers who will be offering free stuff at the stores on this day. If you've been meaning to shred those old receipts, Office Depot will shred up to five pounds of paper and make 25 copies for free on tax day. 

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Category: Money Tags: ,
Tim Boyle, Getty Images
Tim Boyle, Getty Images
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Is Cheating on Your Taxes Okay?

It is getting to be that time of year. Tax day is right around the corner — but that doesn’t mean we’ll all pay our fair share. We would all like to pay a little less and the "fudging" of tax number could make that happen. Would you, or do you, do that?

An IRS survey last year found the percentage of people who thought it was acceptable to cheat “as much as possible” on their returns doubled compared to 2010.

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Category: Money Tags: , ,
Joe Scarnici, Getty Images
Joe Scarnici, Getty Images
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MC Hammer Reportedly Owes $700,000 in Unpaid Taxes

MC Hammer‘s money woes just will not go away. TMZ says the U.S. government is suing the ‘U Can’t Touch This’ rapper and his wife for $779,585 in back taxes.

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Category: Celebrities Tags: ,
Stone, Bruce Forster
Stone, Bruce Forster
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Study: Some US Companies Pay No Taxes

Check your tax return from last year. If you paid taxes, you may have paid more, percentage-wise, than some of this country's largest corporations.

More details after the jump.

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Flickr - trackrecord
Flickr - trackrecord
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Buffett: Billionaire’s Tax Rate: 17.4%

Billionaire Warren Buffett has revealed how much money he made last year....and how much he paid in taxes. After making more than $66 million, he paid under $7 million in taxes....a tax rate of 17.4%.

In a New York Times opinion piece this summer, Buffett claimed the tax rate was too low compared to middle-income wage earners. Buffett is the worlds third richest person, with a net worth of $39 billion .

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City of Flint Facebook
City of Flint Facebook
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Water Rate Increase For Flint Residents

Flint residents aren't happy with the decision to raise water rates after September 16, according to The Flint Journal. Water and sewer rates are expected to see a 35% increase so a bill that's $82.49 a month will jump to $111.36. This will affect city of Flint customers according to the finance director.

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Matt Cardy, Getty Images
Matt Cardy, Getty Images
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Amazon Fighting Online Sales Tax

Be honest:  Should online retailers have to play by the same rules, or do you like love not paying Michigan's 6% sales tax when ordering from companies such as Amazon?

Share your thoughts, and read more about the battle that's brewing after the break.

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(Photo by Kevork Djansezian,Getty Images)
(Photo by Kevork Djansezian,Getty Images)
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Taxed For Every Mile You Drive; How Would you Feel About That?

The Obama administration has floated a transportation authorization bill that would require the study and implementation of a plan to tax automobile drivers based on how many miles they drive.

I have been driving an average of about 25,000 per year for the last 15 years, I say no way. I have no clue as to how much the tax would be, I just know it would be a little to costly. Read more of the story after the jump.

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Mega Millions Jackpot Reaches 300 million
Photo by Justin Sullivan/Getty Images
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What Would You Do With 300 Million Bucks?

The Mega Millions jackpot for this Friday night is just over 300 million dollars.

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