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Monday, October 1, 2012

Taxes

News                                                                                                                             
NY Times | Payroll Tax Cut Is Unlikely to Survive Into Next Year
Regardless of who wins the presidential election in November or what compromises Congress strikes in the lame-duck session to keep the economy from automatic tax increases and spending cuts, 160 million American wage earners will probably see their tax bills jump after Jan. 1.
WSJ | France Raises Taxes in Tough Budget
The French Socialist government on Friday unveiled the country's toughest budget in decades, hiking taxes for the rich and big business in a bid to slash its deficit while facing a stalled economy.

Blogs                                                                                                                             
Tax Foundation | Reagan Showed it Can Be Done: Lower the Top Rate to 28 Percent and Raise More Revenue
To put it mildly, many in the press and in the public remain unconvinced that Romney can lower tax rates without lowering revenue.
WSJ | Number of the Week: Expect Higher Tax Bill in 2013
$1,001.08: How much more someone making the median household income in 2011 is likely to spend on payroll taxes next year.