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Thursday, March 3, 2011

Taxes

News                                                                                                                             
Fox News | It's All Your Money: Paying for Energy Subsidies
Cheap gas. Energy independence. More power from wind and solar. Many Americans want these things, but do they want to pay for them with tax dollars
Fox Business | 10 Reasons You May be Required to File a Tax Return Even if you had Little or No Income
Most people are aware that there are income requirements for filing a federal income tax return. Most people also think that if their income falls below those income requirements, they don’t need to file. This is not necessarily so, in fact, in many cases, filing a tax return will get you an unexpected income tax refund. And naturally, in other cases, where filing is required even if below the income thresholds, you will pay the tax man.

Blogs                                                                                                                             
Mercatus Center: Neighborhood Effects | Tax and Expenditure Limits: A Panel Discussion
More than half of all states operate under some sort of state tax and expenditure limit (or TEL). And with nearly every state facing the most-serious fiscal crisis of a generation, these sorts of limits are increasingly talked about as a solution. But do they work? Are there nuances? What do states need to know before implementing one? How would a TEL affect your state? 
Fox News | Non-Defense Energy Programs
Obama's FY2012 budget includes $12.1 billion in spending on non-defense energy projects, boosting spending on clean energy programs and energy research. His 2012 budget includes $3.2 billion for energy efficiency and renewable energy programs (a 44% increase over current spending levels), $5.4 billion for research and development at the Office of Science (a 9% increase), and $550 million for the Advanced Research Projects Agency-Energy (a 41% increase). Spending on fossil energy is cut 45% .
CSM: Tax Vox | If mortgage interest deductions were cut, who would notice?
Taxpayers might get up in arms if the deduction were eliminated, but they would have no reason to be upset.