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Friday, January 4, 2013

Taxes

News                                                                                                                             
CNN Money | Fiscal cliff deal raises taxes on 77% of Americans
More than three in four Americans will pay higher taxes for 2013, thanks to the fiscal cliff deal passed in Congress on New Year's Day.

Econ Comments & Analysis                                                                                            
Washington Times | Surreal world of Obama tax hikes
On the contrary, the eleventh-hour compromise is marred by higher taxes that will hinder further growth, cost hundreds of thousands of jobs and make life even tougher for many Americans barely surviving paycheck to paycheck.
TIME | At Long Last, A Permanent Patch for A Dreaded Tax
A tax meant only for the wealthy but that paralyzed much of the middle class for decades has been permanently de-fanged. Score one, at least, for the eleventh-hour fiscal cliff deal.
Daily Beast | After the Fiscal Cliff: What do Democrats Want?
I wrote on Monday that it wasn't clear to me that Republicans actually wanted any of the stuff they said they wanted in exchange for tax hikes, like entitlement cuts. The Democrats at least had one thing that was politically popular: tax hikes on those who make more than $250,000 a year.

Blogs                                                                                                                             
Atlantic | Sorry, Middle Class: In a Few Years, Your Taxes Will Have to Go Up, Too
Here are two facts about taxes under the fiscal cliff deal.