The Congress shall have power to lay and collect taxes on incomes, from whatever source derived, without apportionment among the several states, and without regard to any census of enumeration.

— The Sixteenth Amendment



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Income Tax Brackets 2005 Headlines

Governor: Ohioans set to lose wage power next year - Forbes


Governor: Ohioans set to lose wage power next year
Forbes, NY - Dec 2, 2008
Ohio builds its state budget every two years on two main taxes: the personal income tax and the sales and use tax. Both are closely linked to the strength ...

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Michigan Blue Cross Makes Bid for Aid - Wall Street Journal


Michigan Blue Cross Makes Bid for Aid
Wall Street Journal - 2 hours ago
But the state is one of a handful that hasn't revoked or pared Blue Cross's special tax breaks and freed it from its insurer-of-last-resort mission. ...

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Amid budget crisis, Wis. cuts Social Security tax - BusinessWeek


Amid budget crisis, Wis. cuts Social Security tax
BusinessWeek - Dec 2, 2008
Lawmakers from both parties agreed in the 2005 budget to phase out taxes on Social Security income, and Gov. Jim Doyle used his partial veto power to speed ...

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Fitch Assigns Initial 'B' IDR to USG Corporation; Outlook Negative - MarketWatch


Fitch Assigns Initial 'B' IDR to USG Corporation; Outlook Negative
MarketWatch - 10 hours ago
The company reported a pre-tax loss of $62 million, compared with pre-tax income of $10 million during the same period last year. For the first nine months ...

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Grand Jury Indicts Four in Tax Refund Scheme - WebCPA


Grand Jury Indicts Four in Tax Refund Scheme
WebCPA, NY - Dec 2, 2008
28, 2005, Folks and Sharon Smith submitted false income tax returns to the IRS in the names of clients of the New York City Human Resources Administration ...

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Sears Holdings Reports Third Quarter Results and Increased Share ... - MarketWatch


Boston Globe

Sears Holdings Reports Third Quarter Results and Increased Share ...
MarketWatch - Dec 2, 2008
today reported a net loss of $146 million, or $1.16 per diluted share compared with net income of $4 million, or $0.03 per diluted share, in the prior year. ...
Sears Holdings Posts Loss After Sales Decline (Update2) Bloomberg
Sears Holdings Reports Third Quarter Results and Increased Share ... International Business Times
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