Tax Revenue

In Some States, The Tax Man Is Getting Tougher

AP | Posted 06.01.2012

Read More: Taxes, Tax Collectors, Video, Tax Policy, Vermont's House Ways and Means Committee, State Taxes, Tax Gap, Vermont Taxes, Ap, Tax Revenue, Business News

MONTPELIER, Vt. (AP) — In a story May 27 about states pushing for tougher tax collection enforcement, The Associated Press erroneously reported when...

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Cities To Ivies: We Desperately Need Your Money

AP | DAVID KLEPPER | Posted 05.07.2012

Read More: Video, Providence Mayor Angel Taveras, National Council of Nonprofits, Harvard University, Rhode Island House Speaker Gordon Fox, Councilman Patrick Hogan, Brown University, Johns Hopkins University, Rhode Island, Ivies, Tax Exempt Colleges, David Thompson, Johnson & Wales University, Tax Revenue, Ivy Leagues, College News

PROVIDENCE, R.I. — Wary of tax increases, weary of layoffs and determined to avoid bankruptcy, Providence Mayor Angel Taveras had only to gaze u...

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Happy 4/20! 16 Ways Marijuana Affects The Economy

The Huffington Post | Harry Bradford | Posted 04.20.2012

Read More: US Economy, 420 Day, Marijuana, Marijuana Industry, Oakland, Wegrow, President Obama, Marijuana Dispensaries, Medical Marijuana, Oaksterdam University, Job Creation, Tax Revenue, Harborside Health Center, Business News

In honor of 4/20, we had hoped to give you 420 reasons to celebrate. Then we randomly got lazy. So here are, like, 16 reasons instead. Legalizing m...

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U.S. Lost $1 Billion To Banks In Last 10 Years Thanks To Tax Shelter

Posted 04.16.2012

Read More: Video, Irs, Bank of New York Mellon, Internal Revenue Service, Bank of New York Irs, Business News, Delaware, Propublica, Tax Evasion, Tax Shelters, Big Banks, Tax Revenue, Business News

By Megan Murphy and Vanessa Houlder, Financial Times and Jeff Gerth, ProPublica In November 2001, Bank of New York, a mid-tier U.S. bank, transfe...

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The 10 States Taxing The Poor Most

24/7 Wall St. | Charles B. Stockdale | Posted 04.14.2012

Read More: Taxes, State Income, Poverty, Poverty Line, State Taxes, Center on Budget and Policy Priorities, u.s. Census Bureau, Bipartisanship, 24/7 Wall St, Tax Revenue, Business News

24/7 Wall St.: In an effort to help families work their way out of poverty, most of the United States do not tax the incomes of working-poor families....

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State, Local Governments Took Home Most Money In Decades

Reuters | Posted 05.22.2012

Read More: Video, State and Local Politics, State-and-Local-Taxes, Funding for State and Local Government, State and Local Government, Reuters, Business News, Tax Revenue, State and Local Revenue, Municipalities, Business News

By Lisa Lambert March 22 (Reuters) - State and local government tax revenue rose in the final quarter of 2011 to the highest level on ...

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The Big Difference in Next Year's New York City Budget

Maria Doulis | Posted 04.25.2012

Read More: NYC Taxes, Tax Revenue, New York City Budget, Michael Bloomberg, Financial Plan, New York News

Earlier this month, Mayor Michael Bloomberg presented New York City's Financial Plan for the next four years. It demonstrates a stark new reality: there is no large surplus of revenues, as there has been in past years.

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Gamblers' Glee: Online Betting Gets A Boost From Washington

Reuters | Jim Wolf and Nicola Leske | Posted 02.24.2012

Read More: Gambling, Internet Poker, Internet, Video, Congress, Wire Act of 1961, Reuters, Poker, Internet Gambling, Web Gambling, Tax Revenue, Wire Act, Technology News

By Jim Wolf and Nicola Leske WASHINGTON (Reuters) - The Obama administration cleared the way for U.S. states to legalize Internet poker ...

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Districts File Third Suit Against State Over School Funding

Posted 12.14.2011

Read More: Texas Education, Education, Video, Texas School Funding System, Texas Education Funding, Texas Schools Sue State, Education Reform, Education Funding, Equal Education Funding, Texas Public Schools, Texas Property Taxes, Texas Schools, Education Revenue, Tax Revenue, Texas School Districts, Education News

A third group of Texas schools filed suit against the state Tuesday over education funding, alleging that the system of financing public education is ...

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Wall Street Tax Would Raise $350 Billion

HuffingtonPost.com | Ryan Grim | Posted 01.07.2012

Read More: Wall Street Tax, Tax Wall Street, Wall Street Reform, Tax Revenues, Occupy Movement, Occupy Wall Street Movement, Video, Financial Transaction Tax, Transaction Tax, Wall Street, Wall Street Transaction Tax, Ows, Occupy Wall Street, Taxing Wall Street, Occupy, Wall Street Tax Revenue, Tax Revenue, Politics News

WASHINGTON -- A minuscule tax on financial transactions proposed by congressional Democrats would raise more than $350 billion over the next nine year...

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John Boehner: Debt Deal Will Include New Tax Revenues

AP/The Huffington Post | Posted 01.04.2012

Read More: Taxes, Super Congress, GOP Taxes, John Boehner Debt Ceiling, Debt Ceiling, Boehner, John Boehner, President Barack Obama, 112 Congress, Supercommittee, Entitlement Reform, Barack Obama, Video, Super Committee, National Debt, Debt Deal, Grover Norquist, Tax Revenue, Politics News

WASHINGTON -- House Speaker John Boehner said Thursday that any bipartisan agreement reached by the congressional deficit-reduction supercommittee wil...

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The Top 10 Tax Havens

The Huffington Post | Harry Bradford | Posted 12.04.2011

Read More: Fraud, Bermuda, Switzerland, Video, Germany, Financial Secrecy Index, Japan, Tax Justice Network, Tax Evasion, Offshore Accounts, Tax Revenue, Tax Havens, Business News

Governments from 20 of the wealthiest nations in the world vowed in 2009 to tighten regulations that allowed for rampant tax evasion in nations and te...

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What Next For Greece And Europe?

New York Times | PETER BOONE and SIMON JOHNSON | Posted 11.15.2011

Read More: Credit Downgrade, Euro Bonds, International Monetary Fund, Double-Dip Recession, European Union, ?Fiscal Dominance", Imf, g20, Tax Revenue, China, European Central Bank, Investors, Business News

Uncertainty about potential loan losses in Europe continues to roil markets around the world. For many investors, taxpayers and ordinary people there ...

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How Many Pumpkin Lattes Will Warren Buffett Earn for His $5 Billion BofA Investment?

Pamela Yellen | Posted 10.29.2011

Read More: America?S Banks, Bank of America, Corporate Profits, Wall Street, Tax Revenue, Economy, Warren Buffett, What?S Great for the American Consumer Is Bad for Our Nation?S Economy, Job Creation, Consumer Credit, Business News

When banks and other financial institutions can borrow unlimited amounts from Ben Bernake and the Federal Reserve, while paying almost zero interest, they have no business charging consumers over 15% on the money we borrow.

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Why 'No New Taxes'?

Leo Hindery, Jr. | Posted 10.24.2011

Read More: Congress, Taxes, Bush Tax Cuts, No New Taxes, Republicans Deficit, Social Security Cuts, New Revenue, Tax Revenue, Politics News

What do the Republicans in Congress not see and hear when they say that we can't and shouldn't sensitively raise taxes now in order to stimulate our badly stressed economy?

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What's The Secret To China's Success?

Reuters | David Cay Johnston | Posted 10.12.2011

Read More: Taxes, David Cay Johnston, Unemployment, Economy, Economic Crisis, Business News, Jobs, Financial Crisis, China, Tax Revenue, Business News

While China sees growth and taxes as circulatory economics each needing the other, America imagines taxes as bleeding the economy....

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Memphis School Year Delayed Indefinitely Over Funding Dispute

AP | Posted 09.19.2011

Read More: Memphis City Schools, Funding Dispute, City Council, Tennessee Schools, Education, Tax Revenue, Memphis, Education News

MEMPHIS, Tenn. -- The school board in Memphis says it will indefinitely delay the start of class because of a dispute over money with the city governm...

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China Reports Rapid Increase In Tax Revenues Amid Debt Concerns

Posted 09.18.2011

Read More: Local Government Debt, Beijing, Hu Jintao, Hong Kong, Outsourcing to China, Free Trade, Fair Trade, China, Shanghai, Tax Revenue, Video, Business News

BEIJING (Kevin Yao) - China's tax revenues in the first half of the year surged 29.6 percent from a year earlier to 5 trillion yuan ($773 billion)...

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Debt Crisis Update: Democrats Double Dog Dare Republicans; Republicans Hold Breath, Turn Blue

Spencer Green | Posted 09.10.2011

Read More: Taxes, Double Dog Dare, Debt, Tax Increase, Debt Crisis, National Debt, Debt Ceiling, John Boehner, Default, Tax Revenue, President Obama, Debt Meeting, Comedy News

"If they're good when they return to the negotiating table and serious about preventing a default, maybe they'll get some juice and cookies. But only if they promise to be good."

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Obama Offers Social Security Cuts In Debt Negotiations

The Washington Post | Lori Montgomery | Posted 09.05.2011

President Obama is pressing congressional leaders to consider a far-reaching debt-reduction plan that would force Democrats to accept major changes to...

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Getting to a Trillion

Jared Bernstein | Posted 08.29.2011

Read More: Taxes, Jared Bernstein, Federal Budget Deficit, Debt Ceiling, Budget Cuts, Revenue, Tax Revenue, Budget, Politics News

If revenues are to be in the budget package now being negotiated they will almost surely come from cutting tax expenditures. Those are the one trillion worth of tax revenues forgone each year due to tax breaks for various activities in the code.

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Government Layoffs In Cities Could Hurt Recovery

Posted 08.22.2011

Read More: Government Workers, Unemployment Rate, U.S. Metropolitan Areas, Labor Department, Jobs, Jobless, Job Growth, Economic Stimulus Plan, Brookings Institution, Recession, Tax Revenue, Business News

WASHINGTON - The layoffs of thousands of government workers may threaten the already slow-motion economic recovery in many U.S. metropolitan areas...

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CHARTS: 10 Ways America Has Become A Low-Tax Country

The Huffington Post | Harry Bradford | Posted 08.10.2011

Read More: Taxes, Deficit, Gdp, Australia, Tax Rates, Senate Minority Leader Mitch McConnell, Estate Taxes, Government Spending, Corporate Taxes, Center for American Progress, Tax Revenue, Denmark, Organization for Economic Co-Operation and Development, Business News

Whether a country has high taxes or low taxes would seem to be a straightforward question. Yet in the United States, the debate rages on. This wee...

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Usually The Reason For Growth, States, Localities Stagnate

PAUL WISEMAN | Posted 08.06.2011

Read More: Localities, Wells Fargo Securities, Recovery, Firefighters, States, Great Recession, Police Officers, The National Association of State Budget Officers., Jobs, Social Services, National Governors Association, Teachers, Economic Growth, Tax Revenue, Naroff Economic Advisors, Video, Business News

WASHINGTON (AP) — In a healthy recovery, states and localities produce jobs, expand social services and help fuel the nation's economic growth. T...

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Recent Jobs Gains Could Be 'Turning Point' For State Budget Crises

CHRISTOPHER S. RUGABER | Posted 08.02.2011

Read More: Unemployment, State Revenue, Great Recession, National Association of State Budget Officers, Job Growth, National Governors Association, State Budget Gaps, Tax Revenue, Video, Business News

WASHINGTON (AP) -- The best hiring stretch in five years is helping governors and legislators narrow state budget gaps after two of the toughest years...

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