Tag Archive: tax rates

Fiscal Cliff Talks at a Standstill

December 4, 2012 9:48 pm Published by

Negotiations over the fiscal cliff continued to be stalled as President Barack Obama and Republican leader’s trade proposals on how to avoid more than $600 billion in spending cuts and tax increases for 2013 that will start to take effect in January if Congress doesn’t act.

CBO Releases Tax Shares Study

August 1, 2012 10:58 am Published by

The Congressional Budget Office released a new report looking at various income groups’ share of the federal tax burden and average tax rates, and examines all federal taxes, including income, payroll, corporate and excise taxes.