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Drastic reactions to confiscatory taxes Published: Sun, May 27, 2012 The Obama administration wants wealthy people to pay their “fair” share. “Fair” hasn't been defined by him or anyone in his administration. However, we know it translates to paying more earned money to the federal government. Let's explore how wealthy people react to confiscatory taxes. One Facebook... Read More
Bank of Oklahoma subsidiary focus of Tax Commission audit Published: Sun, May 27, 2012 Oklahoma taxpayers may be out up to $160 million because a company is claiming it should have gotten tax credits on an $800 million investment made four years ago. Read More
Republicans lose chance to cut Oklahoma's personal income tax Published: Sun, May 27, 2012 When the session started in February, it seemed inevitable that the personal income tax cut would be reduced. The Republican-controlled Legislature and the GOP governor all supported reducing the tax, but weren't prepared for the opposition they received. Read More
Oklahoma Legislature: Tax-cut quotes Published: Sun, May 27, 2012 A look at what's been said about plans to reduce the state's personal income tax rate. Read More
Oklahoma Senate adjourns slightly early after waiting on House Published: Fri, May 25, 2012 The Oklahoma Senate already had considered most of the key legislation by Friday — the last day of the four-month legislative session — and moved quickly, with few questions and fewer debates on bills before they were passed, often with unanimous consent. Read More
Oklahoma lawmakers spike sensible child-support bill Published: Fri, May 25, 2012 Occasionally, legislative votes are real head-scratchers. Opposition to a child support measure certainly falls into that category. House Joint Resolution 1113, by state Rep. Jason Nelson, R-Oklahoma City, would have approved Department of Human Services rules allowing the agency to recoup part of the cost of... Read More
Oklahoma's personal income tax rate won't be cut this year Published: Fri, May 25, 2012 Gov. Fallin says she won't call a special session. House and Senate Republican legislative leaders are deadlocked. Read More
Oklahoma House introduces new personal income tax-cutting proposal; Senate balks Updated: Wed, May 23, 2012 Senate won't hear a new House personal income tax-cutting proposal, and the governor wants the House to hear House Bill 3061, an income tax-cutting proposal agreed to last week by her and Republican House and Senate leaders. Read More
Oklahoma House scuttles tax agreement; has new plan Published: Wed, May 23, 2012 The Oklahoma House will not take up a proposal announced last week to slash Oklahoma's income tax and has instead come up with its own plan to cut taxes. Read More
Oklahoma tax return pre-loaded with charges Published: Wed, May 23, 2012 Jack Brown (Your Views, May 11) said that it was well-publicized that state income tax refunds could be direct-deposited rather than issued on a debit card. Yes, it was publicized for months. Unfortunately, Brown seems to have forgotten who he's dealing with. We provided all of the information required to the... Read More
Republican base takes a hit with GOP-backed tax cut Published: Wed, May 23, 2012 REPUBLICANS usually claim the mantle of the “family friendly” political party through support for traditional values and policies that benefit parents with young children. That reputation may take a hit thanks to the GOP tax-cut plan. The plan includes both a rate reduction and the loss of some middle-class... Read More
Fallin urges Oklahoma House Republicans to vote for tax-cutting bill Updated: Tue, May 22, 2012 Gov. Mary Fallin is hosting a breakfast Wednesday for House Republicans as a last-ditch effort to urge them to vote for a bill that would cut the state's top personal income tax rate from 5.25 percent to 4.8 percent. Read More
For some Oklahomans, benefit of tax cut plan is difficult to find Published: Tue, May 22, 2012 A line in “True Grit” (1969 version) has a Fort Smith boardinghouse lodger joking about the entree on offer for the evening meal. “Watch out for the chicken and dumplings,” he says. “They'll hurt your eyes.” Why? “They'll hurt your eyes looking for the chicken.” Some Oklahomans looking for the... Read More
Support for proposed personal income tax cut in Oklahoma slips among House Republicans Published: Tue, May 22, 2012 Backing for a proposal to cut Oklahoma's personal income tax is eroding among House Republicans as details emerge it could have an adverse effect on middle-class Oklahomans with two or more children and who itemize. Read More
$6.8 billion Oklahoma budget deal reached Updated: Mon, May 21, 2012 Oklahoma lawmakers and the governor agree on a $6.8 billion budget deal. Read More
Income tax-cutting proposal faces stiff test in Oklahoma House Published: Sun, May 20, 2012 Enough unhappy House Republicans could join with House Democrats to kill the proposal worked out last week by Republican legislative leaders and the Oklahoma governor. Read More
GOP lawmakers in Oklahoma hope to finalize budget deal by Monday Published: Sat, May 19, 2012 Lawmakers are talking about whether to issue bonds to repair and restore the state Capitol, build a state veterans office, finish the American Indian Cultural Center and Museum in Oklahoma City and build a pops center in Tulsa. Read More
Slightly more than half Oklahoma's taxpayers should see decrease in personal income taxes, figures show Updated: Fri, May 18, 2012 Oklahoma Tax Commission estimates show 54 percent of the states 1.6 million taxpayers would pay less in personal income taxes if a proposed personal income tax-cutting plan becomes law. Lawmakers will consider the plan next week, the final week of the session. Read More
Bond issue to pay for American Indian Cultural Center won't pass Oklahoma Senate, two senators say Published: Fri, May 18, 2012 Fourteen of the 32 GOP senators have signed a pledge that they won't vote for the $40 million bond issue and the 16 Democrats have said they won't vote for any bond issue if the GOP-controlled Legislature cuts the state's personal income tax rate. A deal to cut the personal income tax was reached Thursday evening. Read More
$67 million in taxes to escape Uncle Sam's grasp in Facebook co-founder's move Published: Fri, May 18, 2012 Eduardo Saverin's spokespeople are adamant the 30-year-old billionaire's decision to renounce his U.S. citizenship has nothing to do with tax evasion and everything to do with wanting to establish a permanent residence in Singapore. Read More
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