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States To Increase Taxes On The Rich

Individual states are now taxing the rich to help balance the books. January 16, 2012- The tax debate is in full scale in Washington. While Congress debates the matter on a national level, some states have turned to wealthy residents to bring in more state revenue. In two states, governors want the rich to help narrow the gap in their budgets. This idea of taxing the wealthy in states is much different from last year when state leaders shied away from increasing taxes. However, cuts in spending are... 
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