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This year’s “Tax Freedom Day” was pushed back three days to April 12 because of rising income taxes that accompany rising income, the Tax Foundation said.
With Americans spending an average of 28 percent of their income to pay federal, state and local taxes this year, they will need to work 102 days — more than three months — to earn enough to pay their tax bill. Get the full story »
CME Group Inc., the world’s biggest futures exchange operator, said quarterly profit fell 3 percent, hurt by a one-time charge for state taxes. CME’s fourth-quarter net income fell to $196 million, or $2.93 a share, from $203 million, or $3.04 a share, a year earlier. Get the full story »
