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Tag: Tax Revenue


Rennett Stowe (CC BY 2.0)

Layoffs of Public Workers Harm Recovery

Although the private sector has made meager employment gains since the beginning of the long climb out of the recession, government jobs are disappearing at an accelerating rate.

Posted on Jun 20, 2012 READ MORE



AP/Richard Drew

Bank of New York Case Tests IRS Power to Halt Foreign Tax Abuses

In November 2001, the Bank of New York quietly transferred nearly $8 billion of its assets—almost 10 percent of its holdings at the time—to a trust in the small, business-friendly state of Delaware in a critical first step in setting up a tax shelter that has cost the government more than $1 billion in revenue in the past decade.

Posted on Apr 16, 2012 READ MORE


money bags
0-60mag.com

Federal Deficit Hits Record $1.42 trillion

If you thought last year’s federal budget deficit was pretty big, you were right—and it’s three times as big now! Thanks to the magic of the recession, as well as the government’s attempts to rescue various sectors of the economy (and throw money at others, or so it appeared), the deficit for the 12 months ending last month was a whopping $1.42 trillion.

Posted on Oct 16, 2009 READ MORE


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