Everyone will pay taxes on the rich

President Obama's plan to increase taxes by 2% of America's richest citizens effectively means a 53% tax hike on all business income, according to a joint Congressional tax committee. “Impartial, non-partisan analysts prepared data at the request of the Republicans in the finance commission ...

Falling government revenues are alarming

As reported on June 19, Israeli Finance Minister Yuval Steinitz, in the first five months of 2012, the government collected taxes and revenues by 3 billion shekels less than planned. For the whole year, the state budget may receive less than 11 billion shekels, which will require a sharp reduction in government spending ...

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