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Thursday, October 18, 2012

Taxes

News                                                                                                                             
CNN Money | Tax deduction cap: How much would it raise and who'd pay?
One of the big unknowns about Mitt Romney's $5 trillion tax plan is how he would pay for it.

Econ Comments & Analysis                                                                                            
Washington Times | Kill death tax choking the American dream
As we near the end of 2012, the focus of the political world likely will be on the massive income and business tax increases scheduled to go into effect after midnight Dec. 31. Pundits and talking heads will be debating whether the current tax rates should be extended for small businesses and high-income Americans and what effect allowing those tax cuts to expire would have on the economy and job growth.

Blogs                                                                                                                             
Greg Mankiw | People Respond to Incentives
France's new 75 percent income tax on the rich may not be popular with millionaires. But it's being cheered by another group: Paris real-estate buyers.
AEI | Why taxing capital income is unfair
Is Mitt Romney’s federal income tax rate – 14% in 2011 – too low or too high? As most of Romney’s income comes from his investments, the answer depends largely on how capital income should be taxed.