News
USA Today | Tax refunds being used to pay for bankruptcy filings
Some Americans spend their tax refunds on high-tech gadgets and long-awaited vacations. Others use the cash to file for bankruptcy.
Bloomberg | Top Earners Can Find Ways Around Buffett Rule
The highest-earning U.S. households have ways to escape President Barack Obama’s Buffett rule with tax-planning techniques that would limit their liability and undermine the proposal’s purpose.
National Journal | Obama Releases Taxes, Does Not Qualify for Buffett Rule
President Obama earned $789,674 in 2011, the White House announced on Friday. However, with this income, he does not even qualify for the so-called Buffett Rule that he has promoted relentlessly and the Senate will take up on Monday.
Econ Comments & Analysis
Forbes | The Buffett Rule: Obama's Community Organizer Understanding of Taxation
President Obama has a community organizer understanding of America’s taxes. His rhetoric doesn’t recognize that under our tax system the earnings from capital investment are taxed not once, but multiple times.
Blogs
Tax Foundation | State Tax Collections Rise 9 Percent
The U.S. Census Bureau today released their data on state tax collections for the year ending June 30, 2011. Compared to the previous year, each state saw tax revenue rise, by amounts varying between 0.4 percent (Hawaii) and 44.5 percent (North Dakota).
