Search results
Results From The WOW.Com Content Network
The United States Federal Budget for Fiscal Year 2010, titled A New Era of Responsibility: Renewing America's Promise, [6] is a spending request by President Barack Obama to fund government operations for October 2009–September 2010.
The U.S. economic recovery may not be slowing as much as first feared, if the nation's latest fiscal report is any indicator. The latest data comes in the form of news that the federal budget ...
An increasing percentage of the federal budget became devoted to mandatory spending. [3] In 1947, Social Security accounted for just under five percent of the federal budget and less than one-half of one percent of GDP. [8] By 1962, 13 percent of the federal budget and half of all mandatory spending was committed to Social Security. [3]
CBO charts describing about $1.0 trillion in tax expenditures during 2013 (i.e., exemptions, deductions, and preferential rates) and their distribution across income groups. The top 20% of income earners received 50% of the benefit from these tax breaks; they also pay approximately 70% of federal income taxes.
The U.S. economy got some modestly good news on Wednesday, as the nation's budget deficit totaled $91.8 billion in December. According to the U.S. Treasury Department, the bank bailout and ...
By law, the thresholds for the marginal federal income tax brackets must change each year to keep pace with inflation. For 2010, those brackets are as follows: Individual Taxpayers 10% on taxable ...
Once the budget is approved, the use of funds from individual chapters is in the hands of government ministries and other institutions. Revenues of the state budget consist mainly of taxes, customs duties, fees, and other revenues. State budget expenditures cover the activities of the state, which are either given by law or the constitution.
The most compelling data point in the U.S. government's April budget deficit report? It was the bottom-line stat itself -- an unexpectedly high $82.7 billion deficit. April historically is a month ...