Search results
Results from the Go Local Guru Content Network
This is the classic "You pay for what you spend" tax, as only those who spend money on non-exempt (i.e. luxury) items pay the tax. A small number of U.S. states rely entirely on sales taxes for state revenue, as those states do not levy a state income tax.
In 2006, the SGR mechanism was scheduled to decrease physician payments by 4.4%. (This number results from a 7% decrease in physician payments times a 2.8% inflation adjustment increase.) Congress overrode this decrease in the Deficit Reduction Act (P.L. 109–362), and held physician payments in 2006 at their 2005 levels.
In 1987, when Donald's loan debt to his father exceeded $11 million, Fred invested $15.5 million in Trump Palace Condominiums; in 1991, he sold these shares to his son for $10,000, thus appearing to evade millions of dollars in gift taxes by masking a hidden donation, and also benefiting from a legally questionable write-off. [106]
Amid growing concerns about the mounting federal debt, Reagan signed the Tax Equity and Fiscal Responsibility Act of 1982, [205] one of the eleven times Reagan raised taxes. [206] The bill doubled the federal cigarette tax , rescinded a portion of the corporate tax cuts from the 1981 tax bill, [ 207 ] and according to Paul Krugman , "a third of ...
Barnett Frank (born March 31, 1940) is a retired American politician. He served as a member of the U.S. House of Representatives from Massachusetts from 1981 to 2013. A Democrat, Frank served as chairman of the House Financial Services Committee from 2007 to 2011 and was a leading co-sponsor of the 2010 Dodd–Frank Act.
Allowing for demolitions, 1.3 million new homes were built between 1965 and 1970, [7] To encourage home ownership, the government introduced the Option Mortgage Scheme (1968), which made low-income housebuyers eligible for subsidies (equivalent to tax relief on mortgage interest payments). [26]
Unemployment fell from 7.7 million in spring 1940 to 3.4 million in fall 1941 and to 1.5 million in fall 1942, out of a labor force of 54 million. [ m ] There was a growing labor shortage, accelerating the second wave of the Great Migration of African Americans, farmers and rural populations to manufacturing centers.
American Samoa [c] is an unincorporated territory of the United States located in the Polynesia region of the South Pacific Ocean.Centered on , it is 40 miles (64 km) southeast of the island country of Samoa, east of the International Date Line and the Wallis and Futuna Islands, west of the Cook Islands, north of Tonga, and some 310 miles (500 km) south of To