In the struggling economy more and more attention is being given to budget deficits. The amount of debt is staggering and according to recent reports it does not appear to be getting any better. Many states have suffered declines in revenue not seen since the last World War. A record number of states had to combat deficits by cutting costs wherever they could and raising taxes to boost their revenue. A frightening statistic reveals that between 2009 and 2011 a mere eight states implemented tax cuts. 24/7 Wall St. investigated six states that reported a significant increase in revenue. … Read more at 2009 Tax.
A Comparison of Budgets Proposed by Mitt Romney and President Obama
Many people like playing around with budget estimates. This is mainly because budgets force people to set priorities and run the numbers. The annual federal budget is the only time the government is ever sincere with taxpayers.
About 40 percent of government spending goes to Social Security, Medicaid and Medicare. Military spending accounted for 23.8 percent of government spending. Generally, nearly two thirds of 2012 taxes went to an insurance conglomerate and boots on the ground at home and overseas.
The President’s proposed 2013 budget carries similar figures … Read more at 2009 Tax.
The Governor of New Jersey, Chris Christie has 2012 Taxes in mind with his ten percent income tax for the people of his state. Christie is also proposing that his tax plan can be applied to the Nation. The 2012 election is in November, and he is setting his sights on the 2016 presidential elections.
Chris Christie has deemed himself an economic architect who has the blueprint ready to rebuild New Jersey’s sagging economic foundation. He is so confident in this strategy that he feels strongly that this plan can bolster this country’s economy and restore consumer confidence. His … Read more at 2009 Tax.