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Friday, April 12, 2013

Taxes

News                                                                                                                             
CNN Money | How Obama's budget would hit the rich
Throughout his time in the White House, President Obama has pushed for the wealthiest Americans to pay more.
Washington Times | Taxpayers beware: Federal tax collections to hit record highs
There’s some fine print in President Obama’s budget plan presented Wednesday, and taxpayers beware: Collections are going to break records in the coming years.

Econ Comments & Analysis                                                                                            
CATO | Tax Havens Allow Economic Vitality
From an economic perspective, tax havens are very valuable because they discourage anti-growth tax policy. Simply stated, it is very difficult for governments to impose and enforce confiscatory tax rates when investors and entrepreneurs can shift their economic activity to jurisdictions with better tax policy.