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Obamacare Forces Doctors to Retire Early; China's Stake in U.S. Debt Disclosed
Newsmax
Insider Report from Newsmax.com
Headlines (Scroll down for complete stories):
1. Tax Freedom Day Is April 18 This Year
2. More Doctors Planning Early Retirement
3. Rising Farm Productivity Restores Cropland to Forest
4. China’s Ownership of U.S. Debt Called a ‘Myth’
5. Only 2 U.S. Cities Among World’s 30 Most Populous
6. U.S. Ranks 19th in Retirement Security
1. Tax Freedom Day Is April 18 This Year
Tax Freedom Day, when Americans have earned enough money to pay all their taxes for the year, will fall on April 18 in 2013 — five days later than last year.
According to the Tax Foundation, which does the calculations to determine Tax Freedom Day, the date is later this year “due mainly to the fiscal cliff deal that raised federal taxes on individual income and payroll. Additionally, the Affordable Care Act’s investment tax and excise tax went into effect.”
Americans will pay more than $2.76 trillion in federal taxes and $1.45 trillion in state taxes for 2013. That’s more than they will spend on food, housing, and clothing combined.
From Jan. 1 to April 18 is 108 days or 29.4 percent into the year.
The Tax Foundation, with numbers of days rounded, disclosed that it will take Americans:
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