Word: taxed
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...just the end of the stimulus that makes 2011 a tough year to call. It will also be the year that all the Bush tax cuts expire. And Harris thinks that if a health-care overall gets passed, that could have significant unforeseen effects on the economy as well. S&P's chief economist, David Wyss, says he thinks most economists are tackling the tricky problem of predicting what will happen in 2011 by doing what they always do: predict the economy will do about average. The problem is that what economists have come to believe is average growth...
...election, winning 15% of the vote; after 11 years in opposition, the party is finally back in government. "We will now co-govern Germany," Guido Westerwelle, the leader of the FDP, told a crowd of supporters at an election night rally in Berlin on Sunday. "We want a fair tax system, better education opportunities and we want to ensure that citizens' rights are respected," he said. (See pictures of world leaders including Merkel on vacation...
...good news with the home-buyer tax credit is that we do, in fact, have a choice...
...oppose the income tax? -Mike Phillips, Madison, Wis. Because I have a right to the fruits of my labor, and government does not. If you concede the principle of the income tax, you concede the principle that the government owns all your income and permits you to keep a certain percentage of it. God-given rights to our life and our liberty don't come from government...
...Merkel's victory speech, she emphasized her intention to be a "Chancellor to all Germans." If she meant this as a warning that she intends to resist her new partner's tax-cutting agenda, Westerwelle won't be happy. The final shape of the new government won't emerge until after a period of horse-trading and a vote in the Bundestag, probably in a week or two, to confirm Merkel as Chancellor. Westerwelle, despite his focus on economics, is expected to become Foreign Minister, the traditional role for the leader of the junior coalition party. The biggest foreign policy...