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Wednesday, June 13, 2012

Taxes

News                                                                                                                             
WSJ | Federal Deficit Narrows as Tax Receipts Rise
Higher tax receipts and slightly lower government spending have narrowed the federal deficit for the first eight months of the fiscal year compared with a year earlier, Treasury Department figures showed Tuesday.
CNN Money | North Dakota votes 'no' on ending property tax
Voters in North Dakota, where the economy is swelling with money from the oil boom, have voted against abolishing property taxes in the state.

Econ Comments & Analysis                                                                                            
Real Clear Markets | A Sensible Plan to Bring U.S. Corporate Profits Home
The current system for taxing the international profits of U.S. corporations is highly flawed. It raises very little revenue and encourages companies not to invest in the United States. But Democrats and Republicans disagree about how to fix the broken system.