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. 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

  4. 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

  5. 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 It is interesting to note, however, that the income tax law was revoked 10 years later ...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

  6. 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

  7. Death, wealth and taxes

    ... reached a higher decile 10 years later. An amazing 23 percent rose four or more deciles, with 1.5 percent ... for people of modest means to become wealthy, I don't expect that the death tax has a long life. ... that would have repealed the federal death tax over the next decade. The death tax makes a trivial

  8. Bush tax adviser slams Gore plan

    ... . WorldNetDaily: Vice President Gore is arguing that 80 percent of the Bush tax cut goes to the richest ... the Bush plan, upper-income individuals will end up paying a larger share of the total tax bill, so I ... ? A: (Laughter). Yeah, now we have a payroll tax that's higher than 7 percent. Q: Bush actually cuts

  9. There aren't enough rich people

    ... qualifies one as being rich. It's not even yacht and Lear jet money. All told, households earning ... taxes, they report less income, buy tax shelters and hide their money. It's not just rich people who ... the rich laid out by Bill Whittle citing statistics on his RealClearPolitics video "Eat the Rich

  10. 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

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