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Monday, January 14, 2013

Taxes

News                                                                                                                             
WSJ | Retailers Fear Payroll Tax Will Cut Consumer Spending
American workers are opening their first paychecks of the year and finding an unpleasant surprise: The government's take has gone up.

Econ Comments & Analysis                                                                                            
WSJ | E-Filing and the Explosion in Tax-Return Fraud
Now that Americans finally know the tax rate they'll be paying, it's time to start thinking about the annual drudgery of filing their returns. It's also the season when identity thieves begin ripping off those returns and stealing billions in false or misdirected refunds. Tax fraud, amazingly, is now the third-largest theft of federal funds after Medicare/Medicaid and unemployment-insurance fraud.
Washington Times | Carbon tax mischief
Good news: American oil production has reached its highest point in two decades. The bad news, though, is when liberals see all that fossil fuel flowing, their first instinct is to tax it.
WSJ | Greek Tax Insanity
Can a country tax itself into economic oblivion? An outside observer might well conclude that Greece is running an experiment to find out. The Greek government imposed another big tax increase Saturday to appease the European Union and the International Monetary Fund.

Blogs                                                                                                                             
CATO | Do Higher Tax Rates Hurt Growth?
Because of Obama’s class-warfare tax hike and additional tax increases by kleptocrats at the state level, many successful taxpayers will now lose more than 50 percent of any additional income they generate for the American economy.