Pages

Wednesday, March 5, 2014

Taxes

News                                                                                                                             
CNN Money | Same-sex couples still face tax nightmares
Married same-sex couples finally have the right to file their federal taxes jointly this year. But for many of those living in states that don't recognize their unions, this will be the most complicated and expensive tax season yet.

Econ Comments & Analysis                                                                                            
Politico | A few Obama tax ideas have bipartisan sheen
Most of President Barack Obama’s budget is dead on arrival with congressional Republicans — but a handful of tax ideas can boast a bipartisan sheen.
WSJ | Recalling the Days When Democrats Cut Taxes
Fifty years ago last week, on Feb. 26, 1964, President Lyndon B. Johnson signed into law the sweeping tax cuts that had been championed by his predecessor, John F. Kennedy. The law brought the top marginal income-tax rate down to 70% from 91% and the bottom marginal rate down to 14% from 20%. The 22 rates in between also were cut.

Blogs                                                                                                                             
CATO | More Taxes than Meets the Eye in Obama’s Budget
Yesterday’s budget from President Obama claimed to raise taxes by $650 billion in addition to the $650 billion in tax hikes from January 2013. However, careful analysis shows that the president wants much more money from American’s pocketbook.