Word: taxed
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...Indeed, U.S. President Barack Obama wants to spend even more. "My economic team," he said last week, "is looking at ideas such as additional investments in our aging roads and bridges, incentives to encourage families and businesses to make buildings more energy-efficient, additional tax cuts for businesses to create jobs, additional steps to increase the flow of credit to small businesses, and an aggressive agenda to promote exports and help American manufacturers sell their products around the world...
...than to keep them. Less than two months after taking over, Hatoyama's administration is being forced into a difficult balancing act between the need to prevent a double-dip recession and the desire to keep Japan's budget deficit from spinning out of control. The recession is knocking tax revenues so far below expectations that the deficit will rise to $548 billion this year, an enormous 10% of GDP. Yet, despite Hatoyama's instructions to keep next year's spending no higher than this year's initial budget of $970 billion, the country's ministries have submitted 2010 spending...
What’s more is that a recent Massachusetts Department of Revenue report stated that the tax break program is not nearly as economically simulative as once thought. In what looks to be quite unfair to Massachusetts taxpayers, the government is only receiving about 16 cents on the dollar for their investment in Hollywood. According to the report, over 80 percent of tax breaks on actor and crew salaries are paid to out-of-state workers...
...abandoned by his mother as a toddler, Kerik became commissioner of the New York Police Department and nominee to head the U.S. Department of Homeland Security before his checkered past caught up with him. On Thursday, Nov. 5, the gruff, muscle-bound 54-year-old pleaded guilty to tax fraud, making false statements and other felonies in a federal courthouse in suburban New York. The man who once oversaw the nation's largest municipal jail system - and whose name once adorned a New York correctional center - now faces more than two years behind bars. (Read "Rudy Giuliani's Kerik Problem...
...Indicted on federal corruption charges in November 2007 and on tax fraud and other charges in May 2009. He was accused of failing to report $200,000 in rental income and failing to disclose a $250,000 loan to White House officials vetting him for the Homeland Security role, among other crimes. His legal troubles would end up damaging Giuliani's 2008 presidential...