Facing opposition to a new studio near his Skywalker Ranch, George Lucas pulled the project, but said he would bring low-income housing there, further inflaming neighbors.

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George Lucas Retreats From Battle With Neighbors

A single 30% rate of income tax is needed in order to boost growth in the UK, according to a report by a campaign group and business leaders.

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Single 30% income tax rate urged

Four high-ranking federal lab workers found a way to turn “per diem” funds for a temporary assignment into a steady flow of extra income — at taxpayers’ expense. The overpayments, discovered in an inspector general’s audit , boosted the annual pay of some of the employees by as much as $64,000. Read full article > >

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Energy Department cuts payments to 4 federal lab workers

A former partner of Mitt Romney’s at Bain Capital argues that more income inequality is good for the economy.

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Romney’s Former Bain Partner Makes a Case for Inequality

Sales in China helped lift overall iPhone sales by 88 percent over the same quarter a year ago, Apple said Tuesday, dispelling fears that sales would lag in nations with lower annual incomes.

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Apple’s Profit Nearly Doubles as iPhones Sales Soar

A reporter’s income in 2011 was higher than it was in 2010. Yet his tax rate went down. Wasn’t the opposite supposed to happen?

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Common Sense: In One Man’s Return, the Tax Code’s Unfairness

Household financial obligations, relative to income, have declined to levels not seen in years, helping add to consumer optimism.

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High & Low Finance: Not Exactly a Miracle, but U.S. Debt Levels Are Falling – Floyd Norris

New income tax and borrowing powers for the Scottish Parliament are endorsed by MSPs.

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MSPs endorse new Scottish powers

Chess dominates the culture at Intermediate School 318, where most students come from families with incomes below the federal poverty level.

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At Brooklyn’s I.S. 318, the Cool Kids Are the Chess Champs

WEALTHY AMERICANS should pay a larger share of their income in taxes than middle-class households. And any given million-dollar earner should pay about the same share of income in taxes as the next one. The “Buffett Rule” makes sense as a matter of both kinds of tax fairness . Read full article > >

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Editorial Board: The limits of the ‘Buffett Rule’

President and Michelle Obama reported earning an adjusted gross income of $789,674 in 2011 and paid $162,074 in federal income tax, according to the family’s tax returns released by the White House on Friday. Read full article > >

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Obamas’ tax returns show earnings of $790K in 2011

Google shares were up 2.4 percent in after hours trading following the company’s Thursday report that its revenue climbed 24 percent to $10 billion, beating analyst estimates. Net income for the quarter was $2.89 billion, up $1.8 billion from the same period last year. Read full article > >

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Google reports revenue increase, plans for stock split

With the financial industry recovering and fee income reduced by new regulations, lenders are seeking to woo back less creditworthy borrowers.

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Lenders Returning to the Lucrative Subprime Market

In a string of visits to Florida this week, the president will push his proposal to ensure the wealthiest Americans pay at least 30 percent of their income in federal taxes.

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Obama to Make Case for Buffett Rule

A package of tax increases on high-income earners and a measure to build a full-fledged casino in Prince George’s County collapsed in stunning fashion late Monday in the Maryland General Assembly . The failure to bring the tax bill to a vote all but assured that for the first time in two decades work related to Maryland’s annual spending plan would continue beyond Monday’s scheduled end to the legislature’s 90-day session. Read full article > >

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Officials in Md. fail to vote on tax, casino bills