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Taxation & Estate Planning

: TaxProf Blog

85% Top Income Tax Rate Needed to Close Deficit

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The Tax Foundation has published Can Income Tax Hikes Close the Deficit?: Using the Tax Foundation's Microsimulation Model to analyze the deficits projected by the President's Budget, we can project how much revenue a broad-based increase in federal income tax rates would generate. As usual, the President's Budget forecasts lower...

Full post as published by TaxProf Blog on March 12, 2010 (boomark / email).

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