According to the Washington Post, there is discussion among senior White House officials to advance a temporary payroll tax cut as a way to limit the economic slowdown forecast by economists. Questions: When and how much was the last payroll tax cut and why was it made? Payroll tax cuts add dramatically to the deficit… Read more »
Posts Tagged: deficit
The Virtues of Paying Taxes in Italy
A new blitz of public service announcements and speakers at local schools are trying to raise the social stigma on tax evasion in Italy, as the country struggles to reduce its $2.5 trillion public debt and fend off speculative attacks. Other tougher measures will allow tax officials to peer into Italians’ bank accounts to check… Read more »