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Content Tagged As income

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  • Incomes rise for bottom 99 percent, but inequality still worsens

    June 29, 2015 3:47 PM

    WASHINGTON - Solid job growth is finally boosting paychecks. Incomes for the bottom 99 percent of American families rose 3.3 percent last year -- the biggest annual gain in the past 15 years. That's according to data compiled by economist Emmanuel Saez and released today by the Washington Center for... more »
  • Louisiana trails national growth rate in personal income

    June 22, 2015 12:39 PM

    NEW ORLEANS - Personal income in Louisiana grew at a 0.8 percent annual rate in 2015's first quarter. Figures released Monday by the U.S. Commerce Department showed growth rebounded from 0.5 percent in the last quarter of 2014. Louisiana trailed the national growth rate of 0.9 percent, ranking 35th among... more »
  • State back on track with processing tax returns after scammers

    April 2, 2015 6:34 PM

    BATON ROUGE - The state is back on track in processing income tax returns and getting refunds out to you. There had been some major delays after scammers filed more than 2,000 fake tax returns through TurboTax back in the beginning of tax season. The Louisiana Department of... more »
  • Super help with filing on Super Tax Day check to see if lock exists for regeneration Play Video

    February 5, 2015 7:42 AM

    BATON ROUGE - The scramble is on to get your tax returns ready. If you're stressing out, there's a way for you to receive free assistance. Capital Area United Way is hosting their annual Super Tax Day this weekend. Kendall Hebert joined us on 2une In this morning with the... more »
  • Lafayette man arrested in benefits fraud

    November 25, 2014 5:56 AM

    LAFAYETTE - State police say a 47-year-old Lafayette man, who collected more than $83,000 in disability benefits, is accused of operating two businesses out of his home at a time when he claimed he had no income. During their investigation, state police say it was discovered that 47-year-old Alan Jude... more »
  • Study: 45 percent of Louisiana renters 'stressed'

    August 14, 2014 3:12 AM

    BATON ROUGE - A new assessment of the Louisiana housing market has found that nearly 45 percent of renters are considered "rent stressed" because they're paying more than 35 percent of their monthly income in rent. The national average is at close to 43 percent. The study by LSU professors... more »
  • Obama aims to expand student loan relief

    June 9, 2014 7:20 AM

    WASHINGTON ,D.C. - President Barack Obama is signing an executive order that lets borrowers pay no more than 10 percent of their monthly income in student loan payments. The measure expands on a 2010 law that covered those who started borrowing after October 2007 and kept borrowing after October 2011.... more »
  • Regular post office hours for tax day

    April 15, 2014 11:30 AM

    BATON ROUGE - U.S. Post Offices in Baton Rouge are keeping their regular hours for Tuesday. Tuesday is the deadline to file federal income taxes. Those filing by mail have to have them postmarked by April 15. The IRS says many people don't realize that if you're owed... more »
  • La. income forecasting panel reviewing new law

    September 19, 2013 2:20 PM

    BATON ROUGE- Louisiana's income forecasting panel is struggling with how to follow a new law sought by conservative Republicans. The law requires the Revenue Estimating Conference to determine which dollars from fees and other dedicated funds are expected to appear annually, in hopes that could lessen future state budget shortfalls.... more »
  • New law making revenue estimation difficult

    September 19, 2013 11:55 AM

    BATON ROUGE- A new law is causing problems for the group that forecasts Louisiana's income. The law requires the Revenue Estimating Conference to determine which dollars from fees and other dedicated funds are expected to appear annually, in hopes that could lessen future state budget shortfalls. Those estimates determine... more »
  • Jindal's state salary provides main income in 2012

    May 16, 2013 2:53 PM

    BATON ROUGE- Gov. Bobby Jindal's latest financial disclosure report shows his annual nearly $128,000 state salary provided the main source of income for he and his wife in 2012. That's according to the Board of Ethics. The report shows the couple also received income from capital gains and dividends paid... more »
  • State's budget forecast $155M brighter

    May 15, 2013 10:20 AM

    BATON ROUGE - Louisiana's income forecast has gotten brighter, giving lawmakers more money to spend in the budget. The Revenue Estimating Conference adjusted next year's forecast by $155 million - $65 million more than what was assumed in the House-passed version of the 2013-14 budget. Economists say the state's individual... more »
  • Deadline to file La. taxes is Wednesday

    May 13, 2013 11:13 AM

    BATON ROUGE - The deadline for filing 2012 Louisiana individual income tax returns is Wednesday. The state Department of Revenue says filing can be made electronically and more information is available at the department's website, www.revenue.louisiana.gov/fileonline. Officials say the average refund processing time for electronic returns is 10 business days;... more »
  • Legislative fiscal analysts question Jindal budget check to see if lock exists for regeneration Play Video

    April 15, 2013 6:53 PM

    BATON ROUGE - Senators opened their budget hearings with questions raised about financing plans proposed by Gov. Bobby Jindal to balance next year's budget. Members of the Senate Finance Committee heard Monday from analysts with the Legislative Fiscal Office about the 2013-14 budget proposal. Fiscal office analysts say the governor's... more »
  • Lawmakers refuse to hear income tax repeal bills Play Video

    April 15, 2013 10:40 AM

    BATON ROUGE - The state House Ways and Means committee said today they would defer all income tax repeal bills for this session, essentially killing Governor Bobby Jindal's main plan for tax reform. Committee chair Joel Robideaux (R-Lafayette) said such bills already scheduled for a hearing would still be... more »
  • Obama pays $112k in 2012 taxes on $609k of income

    April 12, 2013 1:12 PM

    WASHINGTON - President Barack Obama's 2012 tax returns show he and first lady Michelle Obama paid $112,214 in taxes last year on $608,611 in adjusted gross income. They paid an effective rate of 18.4 percent for their federal income taxes. The adjusted gross income figure is down from 2011, when... more »
  • Jindal admin: Non-revenue neutral tax plans an option

    April 9, 2013 10:43 AM

    BATON ROUGE - Gov. Bobby Jindal's leader on tax issues is indicating to lawmakers that the governor is no longer seeking a dollar-for-dollar swap in an income tax repeal. Tim Barfield, executive counsel for the Department of Revenue, told a Senate committee on Tuesday that now that Jindal is supporting... more »
  • Sources: Jindal to scrap tax plan, propose 10-year rollout

    April 8, 2013 1:09 PM

    BATON ROUGE - Governor Bobby Jindal is expected to announce he's scrapping his plan to immediately eliminate personal and corporate income taxes, according to multiple sources at the Capitol. Those sources tell WBRZ News 2 the governor will instead propose rolling out the eliminations over the next decade, without... more »
  • Jindal scraps tax reforms, 10-year rollout proposed check to see if lock exists for regeneration Play Video

    April 8, 2013 1:02 PM

    BATON ROUGE - Governor Bobby Jindal announced today he was scrapping his plan to immediately eliminate personal and corporate income taxes, and instead try to phase the changes in over the next decade. Jindal made the announcement during his joint address before the state House and Senate at the... more »
  • US consumer spending, income jump in February

    March 29, 2013 10:22 AM

    WASHINGTON - Consumers earned more and spent more in February, helped by a stronger job market that has offset some of the drag from higher taxes. The Commerce Department says consumer spending rose 0.7 percent in February compared with January. It was the biggest gain in five months and followed... more »
  • Jindal increases proposed sales tax hike

    March 28, 2013 6:13 PM

    BATON ROUGE - Gov. Bobby Jindal has made changes to his tax revamp proposal and will push to boost state sales taxes even higher than already announced to make the numbers balance. Jindal's proposal would increase the state sales tax from 4 percent to 6.25 percent, rather than the 5.88... more »
  • Policy group urges caution concerning tax reform check to see if lock exists for regeneration Play Video

    March 4, 2013 6:35 PM

    BATON ROUGE- Council for a Better Louisiana President Barry Erwin says Louisiana's tax structure needs to be improved. He told the Baton Rouge Press Club that any plans to elminiate state income tax will likely be permanent. Erwin says Louisiana's tax structure is complicated. That makes Louisiana's business climate... more »
  • Obama minimum wage plan renews economic debate

    February 14, 2013 7:06 AM

    WASHINGTON - President Barack Obama says increasing the minimum wage to $9 an hour and tying future increases to inflation will raise the incomes of millions living in poverty and spur job growth. Business groups are not so sure. They complain that boosting the federal rate from $7.25 an hour... more »
  • La. taxpayers have choices for state income tax refunds

    February 7, 2013 2:14 PM

    BATON ROUGE- Taxpayers in Louisiana can now choose between methods to receive their state income tax refunds. Taxpayers who file electronically can select direct deposit, a paper check, or the Louisiana MyRefund Card, a pre-loaded debit card that can be used to withdraw cash at ATMs or bank teller... more »
  • Jindal tax plan would keep incentive programs

    January 16, 2013 4:42 AM

    BATON ROUGE - The leader on Gov. Bobby Jindal's proposed tax code rewrite, Tim Barfield, says the administration wants to keep most of the state's economic development incentive programs as part of the revamp. Many of the programs give credits or exemptions to income taxes. Though Jindal is proposing to... more »
  • Jindal tax plan would keep incentive programs

    January 15, 2013 4:03 PM

    BATON ROUGE - The leader on Gov. Bobby Jindal's proposed tax code rewrite, Tim Barfield, says the administration wants to keep most of the state's economic development incentive programs as part of the revamp. Many of the programs give credits or exemptions to income taxes. Though Jindal is proposing to... more »
  • Study: Income inequality continues to grow in La.

    November 15, 2012 7:45 AM

    BATON ROUGE - A new study says the gap between Louisiana's rich and poor has grown wider over the last three decades, with the poverty-ridden state having among the highest rates of income inequality in the nation. The richest 5 percent of households in Louisiana have average incomes more... more »
  • Census data says poverty rates in La. on the rise

    September 21, 2012 9:02 AM

    BATON ROUGE - Newly released census data says poverty levels in Louisiana have continued to climb while household incomes declined in the last year, making the state one of the poorest in the nation. Reports from the U.S. Census Bureau's American Community Survey released Thursday say the median household... more »
  • Half avoid taxes, get fed help but many not poor

    September 18, 2012 4:54 PM

    WASHINGTON - Mitt Romney got the math about right when he said 47 percent of Americans pay no incomes taxes and are "dependent on government" for support. But he blurred together half or more of the entire country with his comment, from the neediest Americans to some of the richest.... more »
  • Obama responds to Romney's 'victims' comments

    September 18, 2012 4:52 PM

    NEW YORK - President Barack Obama is chiding Republican Mitt Romney for referring to supporters of the president as victims who depend on the government. Obama says anyone who wants to be president has to "work for everyone, not just for some." Appearing on the "Late Show" with David Letterman,... more »
  • Romney: 'Great divide' exists over tax philosophy

    September 18, 2012 4:51 PM

    SALT LAKE CITY - Republican presidential nominee Mitt Romney says there's a "great divide" in the country between those who want to take wealth and pass it around and those who want to earn money for themselves. In an interview Tuesday with Fox News Channel, Romney said redistributing wealth is... more »
  • Taxpayers have 10 days to claim income tax refund

    August 15, 2012 8:52 AM

    BATON ROUGE - Thousands of taxpayers have yet to claim their state income tax refunds and the state's revenue agency says millions of dollars will become unclaimed property if they don't claim the money soon. The Louisiana Department of Revenue says they've notified more than 7,000 taxpayers that they... more »
  • Jindal lists salary, income sources for 2011

    May 22, 2012 11:04 AM

    BATON ROUGE- Gov. Bobby Jindal's financial disclosure report for 2011 lists his $127,407 annual salary as governor plus various sources of investment income for him and his wife Supriya. Interest, dividend and capital gains income is reported in ranges. For instance, the report listed eight such sources of income for... more »
  • La. taxpayers receive $420 million in state income tax refunds check to see if lock exists for regeneration Play Video

    April 6, 2012 3:20 PM

    BATON ROUGE - The Louisiana Department of Revenue (LDR) has issued more than 1 million individual income tax refunds for income tax returns submitted for the 2011 tax year. As of Thursday, LDR had issued 1,012,143 individual income tax refunds for a total amount of $419,965,483.23. The average... more »
  • Audit looks at Louisiana's tax breaks

    March 5, 2012 11:19 AM

    BATON ROUGE- Tax breaks to businesses and individuals in Louisiana cut state tax liabilities by $4.8 billion over six years, more heavily benefiting companies over people in the state. Those are the findings of a new audit, released Monday, by Louisiana Legislative Auditor Daryl Purpera's office. Louisiana has 464 tax... more »
  • Law would drop income tax for people making $50k or more

    February 29, 2012 4:58 PM

    BATON ROUGE- A new push in State government could save people making $50,000 or more money. A pre-filed bill in the State Senate would cut state income tax by 2% for those people- bringing it down to 4%. But, economy experts wonder if Louisiana could recap the lost... more »
  • $295M tax credit plan to aid low-income areas

    February 24, 2012 4:50 AM

    NEW ORLEANS - Low-income communities in Louisiana are expected to benefit soon from $295 million in tax credits. Five Louisiana entities that finance business and economic development will take part in the "New Market Tax Credit" program awards announced Thursday by Sen. Mary Landrieu and Rep. Cedric Richmond. The... more »
  • Revenue forecasting panel revisits income estimate

    December 14, 2011 1:40 PM

    BATON ROUGE - Louisiana's income forecasting panel is planning to talk about whether the state's revenue projections should be dropped, a move that could force a new round of budget cuts. The four-member Revenue Estimating Conference meets Wednesday to hear from two state economists about how income projections have fallen... more »
  • State income taxes could be phased out

    June 13, 2011 5:45 PM

    BATON ROUGE- The La. House Ways and Means Committee approved a bill repealing state personal income taxes. The ten year phase-out plan received no opposition. The bill by Rep. Rob Marionneaux, D-Livonia, calls for a four percent cut starting in 2014. Marionneaux said cost-cutting measures could be put... more »
  • State gets a new $77 million budget problem

    May 18, 2011 5:24 PM

    BATON ROUGE - Any lawmakers' hopes that Louisiana's income picture would brighten have been dashed. The state income forecasting panel, called the Revenue Estimating Conference, instead dropped the state's forecast by $77 million this year. While the panel agreed Wednesday to leave next year's estimates alone, the drop in... more »
  • Personal income up in Louisiana

    March 23, 2011 11:33 AM

    BATON ROUGE - Personal income in Louisiana rose slightly faster than the national average in 2010 and the state was one of 10 that rebounded beyond pre-recession peaks. That's according to a report released Wednesday by the U.S. Bureau of Economic Analysis. Personal income is income received by... more »
  • Income tax deadline pushed back for La. residents

    January 8, 2011 10:33 AM

    BATON ROUGE - Louisiana residents have one more day to prepare their income taxes this year. State officials have set a May 16 filing deadline for Louisiana indvidual income tax returns. The Department of Revenue normally sets a May 15 deadline, but that date falls on a Sunday this... more »

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