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Tuesday, July 17, 2012

Taxes

News                                                                                                                             
WSJ | Tax Liens Trigger More Foreclosures
When Elsa Dabreo inherited a house from her late father, she thought it was the best thing that ever happened to her. But now she is struggling to keep it.

Econ Comments & Analysis                                                                                            
Fortune | Millionaire taxes hurt the masses, from Newark to Paris
Leaders around the world want the rich to keep giving. But when the wealthy get tired of getting tapped, guess who gets stuck with the tab?
WSJ | The Tax Cliff Is a Growth Killer
The United States faces an economic collapse thanks to massive tax increases on Jan. 1, and continued deficit spending for years on end.
Forbes | The Dangerous Myth About The Bill Clinton Tax Increase
One of the most dangerous myths that has infected the current debate over the direction of tax policy is the oft repeated claim that the tax increases under President Bill Clinton led to the boom of the 1990s.
WSJ | Obama's IRS Snoops Abroad
Within the United States, almost no American has heard of it. Save for the occasional article, it's gone largely uncovered. And just like ObamaCare, the nastiest, job-killing aspects will not hit until after this November's election.

Blogs                                                                                                                             
AEI | Citigroup on fiscal cliff: Extending just the middle-class tax cuts won’t prevent a 2013 recession
Given that the economy will be lucky to grow 2% next year, just extending the middle-class tax cuts may not be enough to avoid a recession. Citi thinks all the scheduled tightening will lop 4% of GDP, 2.9% if the middle-class tax cuts are extended but everything else happens on schedule.