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Tuesday, May 3, 2011

Taxes

News                                                                                                                             
CNN Money | California nightmare: Spending cuts vs. tax extension
To help close the $26.6 billion budget shortfall the state is facing, Governor Jerry Brown wants to let residents vote on extending a tax hike in effect since 2009.
NYTimes via CNBC | US Business Has High Tax Rates but Pays Less
...by taking advantage of myriad breaks and loopholes that other countries generally do not offer, United States corporations pay only slightly more on average than their counterparts in other industrial countries.