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Wednesday, June 5, 2013

Taxes

News                                                                                                                             
CNN Money | Are you paying the iTunes tax?
If you live in one of the nearly 25 states that charge sales tax on digital goods or services you likely pay more for everything from downloaded music, e-books and ringtones to streaming TV shows and video.
WSJ | IRS Audit Details $4.1 Million Conference
The 2010 Internal Revenue Service employee conference that has drawn criticism paid $17,000 to a keynote speaker who drew pictures of the singer Bono and the physicist Albert Einstein to inspire IRS employees to free up their thought process and find creative solutions to challenges, according to a report released Tuesday.

Econ Comments & Analysis                                                                                            
Daily Caller | The fallacy of the ‘revenue neutral’ tax
The latest ruse by supporters of the Marketplace Fairness Act — more accurately described as an Internet sales tax mandate — is that raising taxes will actually result in making them lower. By allowing state governments to collect sales taxes on Internet purchases, they say, state governments will be able to lower or eliminate other taxes.
Heritage Foundation | CBO Report on “Tax Expenditures” Has It Wrong
The Congressional Budget Office (CBO) released a report on the distribution of “tax expenditures” that some are wrongly using to push for additional tax increases. This was inevitable because the report takes the wrong approach to the issue.