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Wednesday, October 12, 2011

Taxes

News                                                                                                                             
Politico | Analysts not sold on tax holiday
With $1.4 trillion in corporate profits stockpiled abroad, lawmakers are eager to engineer a tax break to lure some of the money back home to create jobs in an ailing economy.

Econ Comments                                                                                                             
Slate | 99 Percenters, Meet the 53 Percenters
In response to Occupy Wall Street, some conservatives are blasting the 47 percent of Americans who don’t pay federal taxes. Do they have a point?

Blogs                                                                                                                             
Political Calculations | Setting President Obama's Top Income Tax Rate
The reason today's predicted maximum income tax rate has risen to 48.0% since that time is completely due to President Obama's spending, which has significantly driven up the national debt.

Reports                                                                                                                         
Heritage Foundation | The Millionaire Tax: Yet Another Job-Killing Tax Hike
This is the third time in the past two years that congressional Democrats have proposed a millionaire tax.
Mercatus Center | The Internet, Sales Taxes, and Tax Competition
...Senator Dick Durbin (D-IL) recently introduced S. 1452, “The Main Street Fairness Act,” which would force retailers to collect sales tax for states that join a formal tax compact.