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Thursday, August 23, 2012

Taxes

News                                                                                                                             
WSJ | The Cliff the Keynesians Built
Temporary tax cuts created the fiscal threat to growth.

Econ Comments & Analysis                                                                                            
Fox Business | How the Superrich Don't Pay Taxes
...money is in pocket, but there is no tax liability because one is entitled to subtract basis from proceeds in order to determine taxable income.