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Wednesday, November 7, 2012

Taxes

News                                                                                                                             
Politico | Prop 30 tax hikes pass in California
A $6 billion-a-year package of tax increases backed by Gov. Jerry Brown has passed in California, the Associated Press reported on Wednesday morning.

Econ Comments & Analysis                                                                                            
CBO | Taxation of Owner-Occupied and Rental Housing: Working Paper 2012-14
This paper illustrates how the different tax treatments of owner-occupied and rented houses affect the relative costs of owning and renting. In the examples, a representative landlord computes the rental rate (the ratio of the rent to the value of the house) required to break even on an investment in a house.

Blogs                                                                                                                             
Tax Foundation | Chart of the Day
Can Taxing Millionaires Eliminate the Deficit?