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Thursday, March 20, 2014

Taxes

News                                                                                                                             
CNN Money | Unlike 1960s, singles make up majority of tax filers
During the "Mad Men" era, married couples made up the majority of tax filers. But today -- thanks to demographics that include higher divorce rates -- singles file the most federal tax returns.
CNN Money | When do I stop paying Social Security taxes?
Any earnings greater than $117,000 are not subject to Social Security taxes.

Econ Comments & Analysis                                                                                            
CRS | The American Opportunity Tax Credit: Overview, Analysis, and Policy Options
The American Opportunity Tax Credit (AOTC)—enacted on a temporary basis by the American Recovery and Reinvestment Act (ARRA; P.L. 111-5) and extended through the end of 2017 by the American Taxpayer Relief Act of 2012 (P.L. 112-240; ATRA)—is a partially refundable tax credit that provides financial assistance to taxpayers who are attending college, or whose children are attending college.
NBER | One Fundamental and Two Taxes: When Does a Tobin Tax Reduce Financial Price Volatility?
We aim to make two contributions to the literature on the effects of transaction costs on financial price volatility.