News
Miami Herald | Report: Texas allows billions in tax exemptions
Exemptions from sales, franchise, and gasoline and motor vehicle sales taxes for the 2011 fiscal year that ends on Aug. 31, 2011, will amount to $32.2 billion, Combs reported.
Fox News | The Tax Man Cometh: How Does Your State Compare?
The average tax burden in Connecticut, New York and New Jersey exceeds 12 percent, which is roughly equal to the national federal income tax average of 12.2 percent.
Econ Comments
Fiscal Times | Prospects for Tax Reform in 2011 Look Dim
Democrats and Republicans for years have said they want to overhaul the dense and loophole-ridden U.S. tax system, which hasn’t been revised since 1986…
Fortune | The payroll tax cut isn't working
When Congress approved sweeping tax cuts last year in hopes of giving the economy an extra boost, it might not have anticipated how much oil and food prices would weigh on consumers.
