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Tuesday, June 18, 2013

Taxes

News                                                                                                                             
CNN Money | Perils of moving to a no-tax state
You might think that moving to a state with no income tax would greatly simplify your tax life. Not so fast.

Econ Comments & Analysis                                                                                            
WSJ | California's Cap-and-Tax Grab
Democrats in Sacramento are taking a victory lap for balancing this year's budget without raising taxes (not counting the $6 billion retroactive hike voters approved at political gunpoint in November). The dirty little secret is they're instead tapping California's new cap-and-trade program.
Washington Times | Tyranny of the taxers
There is an all-too-common tendency for humans (particularly members of the political class) to blame or scapegoat others when they bungle their jobs. We are now being treated to the meeting of the Group of Eight — where the “leaders” of eight major countries are looking for excuses for why they have made such a mess of their own economies. Rather than acknowledge that the reason for such poor performance is excessive government spending, taxation and regulation, members of the G-8 are blaming their ills on lower-tax jurisdictions, which they pejoratively label “tax havens.”