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Monday, October 17, 2011

Taxes

News                                                                                                                             
WSJ | State-Tax Deadbeats Face Tough New Measures
Here's a wake-up call for state-tax scofflaws: On Oct. 4, California Gov. Jerry Brown signed a bill requiring the Golden State's motor vehicle department to suspend the driver's licenses of its worst delinquents.

Blogs                                                                                                                             
Heritage Foundation | Illinois Shows that Taxing and Spending Has Consequences
In January 2011, newly elected Illinois governor Pat Quinn imposed a 67% income tax increase on citizens and a sharp increase in the corporate tax rate to satisfy missed and unpaid bills.

Reports                                                                                                                         
CBO | Use of Tax Incentives for Retirement Saving in 2006
Two features of the Economic Growth and Tax Relief Reconciliation Act of 2001 also are analyzed: increases in contribution limits and an additional incentive, known as the “saver’s credit,” that was created to encourage lower-income taxpayers to save for retirement.