We've heard the warnings of a looming economic disaster if Congress fails to avert a "fiscal cliff" by the end of the year. Economists hope lawmakers will act after November's election, but what if Congress runs out of time?
Two reports referring to Americans who do not pay taxes included mentions of active-duty military service members. Military personnel do pay federal income tax. But there are exemptions for some, including those who are serving in designated combat zones.
Forbes magazine is out with its yearly list of the 400 richest Americans. Their combined net worth increased 13 percent since last year. The top of the list contains the usual suspects: Bill Gates, Warren Buffett, Larry Ellison, the Koch brothers and the children of Wal-Mart founder Sam Walton.
The search giant is expected to be the top firm in online display advertising revenue this year, according to analysts at eMarketer. Google would unseat the reigning online ad champ Facebook. That would be a blow for Facebook, which only last year managed to beat back the previous top earner: Yahoo.
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