taxes

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...
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?
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.
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 per…
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 …
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 f…
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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