1. Despite fiscal-cliff deal, Americans to pay more

    blood_turnip

    ... research group, estimates that 77 percent of American households will face higher federal taxes ... -income families will feel the biggest tax increases, but many middle- and low-income families will pay higher taxes too. ... (Associated Press) While the tax package that Congress passed New Year's Day will protect 99

  2. 77% face higher taxes despite debt deal

    Barack Obama, Joe Biden

    ... Washington research group, estimates that 77 percent of American households will face higher federal taxes ... - income families will feel the biggest tax increases, but many middle- and low- income families will pay higher taxes too. ... WASHINGTON (AP) - While the tax package that Congress passed New Year's Day will protect 99 percent

  3. Taxes on some wealthy French top 100% of income

    pickpocket

    ... (Reuters) More than 8,000 French households' tax bills topped 100 percent of their income last year ... , to offset the impact of a rebate scheme created by its conservative predecessor to cap an individual's overall taxation at 50 percent of income. ... incomes for households with assets of more than 1.3 million euros ($1.67 million). President Francois

  4. More working familiesphased out of tax breaks

    ... -outs of deductions that could offset those higher rates. In effect, families are losing tax ... 20 tax benefits, such as the child tax credit, phase out at higher income levels. Complaints ... such as the higher $600-per-child tax credit that went into effect last year as part of President

  5. Reagan revolution redux?

    ... Bush's tax cuts, according to a new Congressional Budget Office report. The theory by economist ... Arthur Laffer counters the argument that America "can't afford" tax cuts because they drain resources ... . Laffer asserted that lowering the tax rate on production, work, investment and risk-taking will help

  6. Poor are not poor because rich are rich

    ... ; there are an equal number of households with higher and an equal number with lower wealth. "Average ... the complex reality behind the fact that "median wealth of white households is 20 times that of black ... households. …" And without care, this information will be abused and misused by those

  7. Treasury chief pushes for Internet sales tax

    ... ," Summers said. Republicans succeeded in getting House approval of a 10-year, $182-billion tax cut ... budget included $351 billion in tax cuts for low and middle-income taxpayers, partially offset ... rates even higher, offsetting the benefits of the tax cuts for consumers, and threatening to push

  8. Nothing certain except death and a FairTax

    ... in higher taxes over 10 years – and that's after accounting for his $154 billion ... expenses. It is interesting to note, however, that the income tax law was revoked 10 years later ... and rebuild our economy: tax reform (or, even better, replacement). I've demonstrated

  9. French court rejects 75% millionaires' tax

    Francois_Hollande

    ... (Yahoo!Sports) France's Constitutional Council on Saturday rejected a 75 percent upper income tax ... rate to be introduced in 2013 in a setback to Socialist President Francois Hollande's push to make ... tax on annual income above 1 million euros ($1.32 million) - a flagship measure of Hollande's

  10. Companies race to beat Obama tax increases

    taxes_up

    ... push money out the door to beat the higher tax rates advocated by President Barack Obama. More ... dividends totaling about $20 billion this quarter to avoid anticipated tax increases in 2013 ... will pay bonuses, partnership distributions and commissions early for tax reasons, according to Lou

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