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Tuesday, January 15, 2013

Taxes

News                                                                                                                             
CNBC | Payroll Tax Hike Will Affect Your Paycheck and the Economy
The sting from higher taxes in your first 2013 paycheck is also going to sting the economy this year, particularly in the first quarter.

Econ Comments & Analysis                                                                                            
Fortune | Sorry, middle class. The VAT may be inevitable.
If the government fails to enact structural reforms in spending, an entirely new source of revenue will be needed. The most likely one is a value-added tax that would crush the middle class.
AEI | The progressive US tax code
For many years, left-wing intellectuals have exalted Western Europe as the paragon of redistributive equity, contrasting it with the trickle-down nightmare that is America. But on tax policy, at least, that characterization is flat-out wrong,  especially after the latest round of tax increases.
WSJ | The Next Tax Increase
In case you missed it, President Obama held a press conference Monday to make essentially two points: He won't negotiate with Republicans over raising the federal debt limit, and if Republicans want any spending cuts at any time in the next four years they'll have to raise taxes along with it. He won, so get used to it, chumps.