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TAX LAW NEWS - TAX LITIGATION
From the daily archives:
The Wisconsin District Attorneys Association wants to raise the state’s beer and liquor taxes — something that hasn’t happened in nearly 40 years — to pay for more prosecutors.
Wisconsin’s beer tax, third lowest in the nation, hasn’t gone up since 1969. The liquor tax, which is among the lowest nationwide, hasn’t increased since 1981 other [...]
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Effective for the year 2008, some taxpayers can save for retirement and earn a special tax credit. This credit, referred to as the “saver’s credit” can offset the first $2,000 contributed to the taxpayer’s IRA, 401(k) and other retirement plans.
There is a catch. The credit is only available to taxpayers which meet certain income criteria. [...]
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