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Income Tax

Mississippi Bill That Would Have Made NIL Tax-Exempt Dies in Committee, Report Says

Taxes March 19, 2026 

Mississippi Bill That Would Have Made NIL Tax-Exempt Dies in Committee, Report Says

The Name, Image and Likeness bill passed the Mississippi House, but was killed March 16 by a unanimous vote of the state's Senate finance committee.

Featured Articles

March 19, 2026  

California’s Proposed Billionaire Tax Gains Majority Support in New Poll

March 19, 2026  

‘No Tax on Overtime’ Falls Short of Expectations for Many Workers

March 19, 2026  

Study: Massachusetts Income Tax Cut Would Slash State Revenues, Give Big Breaks to Top Earners

March 18, 2026  

Average Tax Refund in 2026 Now at $3,676 as Filing Deadline Nears

March 18, 2026  

IRS: Over 830,000 Tax Refunds Delayed After Filers Miss Key Step
Missouri House OKs Switch to Sales Tax From Income Tax

Sales Tax March 12, 2026 

Missouri House OKs Switch to Sales Tax From Income Tax

The Missouri House Thursday approved Gov. Mike Kehoe’s plan to switch the state’s main source of revenue from income taxes to sales taxes.

Washington State ‘Millionaires Tax’ Passes Senate, Gov. Ferguson Expected to Sign Into Law

Taxes March 12, 2026 

Washington State ‘Millionaires Tax’ Passes Senate, Gov. Ferguson Expected to Sign Into Law

The bill imposes a 9.9% tax on income of over $1 million a year, with the first payments due in 2029. It would raise an estimated $3 billion to $4 billion annually, helping to fund schools and other state services.

After Washington ‘Millionaires Tax’ Vote, Former Starbucks CEO Announced He’s Moved From Seattle to Miami

Taxes March 12, 2026 

After Washington ‘Millionaires Tax’ Vote, Former Starbucks CEO Announced He’s Moved From Seattle to Miami

Billionaire Howard Schultz alluded to the business environment in Washington state, where a measure that’s been dubbed a “millionaires tax” came closer to final legislative approval this week.

Poison-Pill Effort to Cancel Proposed California Billionaire Tax Hits Voters’ Mailboxes

Taxes March 11, 2026 

Poison-Pill Effort to Cancel Proposed California Billionaire Tax Hits Voters’ Mailboxes

California voters are being urged to put a poison-pill effort on the November ballot that would nullify a controversial proposed tax on the state's billionaires.

Washington State ‘Millionaires Tax’ Clears House After 24-Hour Debate

Taxes March 11, 2026 

Washington State ‘Millionaires Tax’ Clears House After 24-Hour Debate

After a debate that stretched more than 24 hours, the Washington House of Representatives on Tuesday approved a state income tax on people earning more than $1 million a year, setting up a final vote in the Senate as early as Wednesday.

A Tax Preparer Went to Prison for a $4.3M Scam. She’s Now Charged in a New $5.5M Scheme, Feds Say

Taxes March 11, 2026 

A Tax Preparer Went to Prison for a $4.3M Scam. She’s Now Charged in a New $5.5M Scheme, Feds Say

Before Jessenia Cordero finished serving her prison term for a $4.3 million in a tax fraud scheme, the wheels were in motion for her next scheme, federal authorities allege in court records.

Ex-Mayor of Portage, Indiana, Sentenced to 3 Years of Probation for Federal IRS Charge

Taxes March 11, 2026 

Ex-Mayor of Portage, Indiana, Sentenced to 3 Years of Probation for Federal IRS Charge

James Snyder will have to pay $78,111.57 in restitution, which is what he still owes for obstructing the IRS, made in monthly payments of $570 a month. He has paid $18,000 of his debt.

Which States Tax the Rich at the Highest Level?

Taxes March 10, 2026 

Which States Tax the Rich at the Highest Level?

Stacker, a website specializing in publishing data, found that the American elite—the top 1%—pay, on average, roughly 37% of overall income taxes and earn 19.5% of salaries nationwide.

Could Washington State ‘Millionaires Tax’ Lead to Capital Flight?

Taxes March 10, 2026 

Could Washington State ‘Millionaires Tax’ Lead to Capital Flight?

Tax them, and they will flee. That’s the idea behind capital flight, an economic term used by tax critics to describe an exodus of wealth and investments because of higher taxes or cost of doing business.

New York Lawmakers Propose Boosting Taxes on the Rich, Challenging Hochul and Aligning with Mamdani

Taxes March 10, 2026 

New York Lawmakers Propose Boosting Taxes on the Rich, Challenging Hochul and Aligning with Mamdani

A budget battle is unfolding in Albany as state lawmakers in their budget proposals unveiled a push for tax hikes on both wealthy individuals and corporations to supply New York City with more money.

5 Tax Changes to Account for Before Filing 2025 Tax Returns

Taxes March 10, 2026 

5 Tax Changes to Account for Before Filing 2025 Tax Returns

Several provisions enacted in the One Big Beautiful Bill Act, which apply to the 2025-2028 tax years, may impact taxpayers’ returns. Here are five to consider before filing.

Where’s Your Tax Refund? IRS Income Tax Refund Schedule for 2026

Income Tax March 9, 2026 

Where’s Your Tax Refund? IRS Income Tax Refund Schedule for 2026

"When will I get my tax refund?” Nobody can give you an exact answer, but we can give you a good estimate. And no calculators or forms to fill out.

Isaac M. O'Bannon

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