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Thursday, July 12, 2012

Taxes

News                                                                                                                             
National Journal | Congressional Dems Get on Board With Obama's Tax Message
Congressional Democrats this week have quickly rallied behind President Obama’s call for extending reduced tax rates for people who earn less than $250,000 a year, as members, at least for the moment, shake off internal disagreements for the sake of unified messaging.

Blogs                                                                                                                             
CATO | CBO on Income and Tax Distribution
The Washington establishment loves talking about the “distribution” of income and taxes. The CBO has issued a new report on the topic that will no doubt keep the discussion rolling on.
Minyanville | The Amazon Tax Is Coming! Will Tax-Free Online Shopping Be History?
In most states, you can cruise Amazon (AMZN) or any other e-commerce site and buy all that you want tax-free. This is thanks to a Supreme Court decision in 1992 called Quill vs. North Dakota, in which it was ruled that states can't collect taxes from vendors that don't have a physical presence in the state.