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Tuesday, August 13, 2013

Taxes

Econ Comments & Analysis                                                                                            
WSJ | U.S. Expats Balk at Tax Law
The U.S.'s crackdown on global tax evaders is prompting some Americans in Asia to rethink their citizenship, attorneys there say, in part amid an increasing burden of paperwork required by U.S. tax law.
Mercatus Center | The Tax Burden Among Varying Income Percentiles
The Americans at the lower half of the income spectrum (or 70 million returns) paid 2.4 percent of the federal personal income tax revenue. The wealthy disproportionately fund the US federal government through personal income taxes.