News
Politico | Grover Norquist on debt talks: OK to let Bush tax cuts expire
Allowing the Bush tax cuts to expire to close the budget deficit would not constitute a tax increase or violate an anti-tax pledge signed by many Republicans, Grover Norquist told the Washington Post’s editorial page.
Source | Capital Gains Rate Could See Big Jump Under Gang Of Six
If the Gang of Six plan followed the same course, some taxpayers now in the 28% bracket would face a rate of about 34%.
Blogs
ThinkMarkets | Taxes Are Already Scheduled To Rise
Nevertheless, in all of the discussion, few seem to be reminding us that there are already tax increases built into the current system largely to support the so-called entitlement programs.
Poltical Calculations | Tax Deductions for Charity by Income Level
In 2009, Americans reported nearly $34.9 billion worth of donations to private charities serving the public interest on their federal tax forms, as they claimed the federal government's tax deduction for charitable contributions on their taxes.
