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Monday, October 29, 2012

Taxes

News                                                                                                                             
National Journal | White House: Report of New Tax Cut Proposal 'Not Correct'
The White House described as inaccurate a Washington Post report that it is considering a proposal for a new tax cut that could replace the expiring payroll tax cut.
USA TODAY | States with the highest and lowest taxes
Which 10 states tax their residents most, and which least? 24/7 Wall St. looks at the figures and the reasons behind the differences.

Blogs                                                                                                                             
Greg Mankiw's Blog | Tax Expenditure Fact of the Day
If instead we lowered the size of the mortgage eligible for this deduction from the current $1 million to, say, $250,000, the base broadening would have an even smaller effect on middle-income housholds.