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[5] In keeping with his efforts to reduce the size of the debt, he left the funds for the ships unspent for over a year. Many other presidents have followed Jefferson's example. From time to time, they refused to spend funds when they felt that Congress had appropriated more funds than was necessary. However, the impoundment power had limits.
Asset forfeiture or asset seizure is a form of confiscation of assets by the authorities.In the United States, it is a type of criminal-justice financial obligation.It typically applies to the alleged proceeds or instruments of crime.
Over a ten-year period, the forfeiture money collected was $25 million in Philadelphia, with seized funds being used to pay salaries for people working in the District Attorney's office. [12] When funds are returned to the victim, it can happen that the funds come out of taxpayer money, not out of police funds such as a pension fund. [10]
Disgorgement is the act of giving up something on demand or by legal compulsion, for example giving up profits that were obtained illegally. [1]In United States regulatory law, disgorgement is often a civil remedy imposed by some regulatory agencies to seize illegally obtained profits.
These agencies may receive or spend money unevenly throughout the year, or receive it for payout at a future date, as in the case of a pension fund. Lending the excess funds to the government, typically on the accounts of its treasury , enables the government to calculate its net cash requirements over time.
Some lawmakers — mainly Democrats — have proposed raising the Social Security payroll tax rate from its current 12.4% to 15.6% or more following the trust fund depletion, and then gradually ...
According to neoclassical, loanable funds theory of interest. Dishoarding or dishoarded money is an important source of the supply of loanable funds. An increase in dishoarding while there is no change in the demand for loanable funds, will cause the rate of interest to fall. Due to which there is an increase in demand for securities, causing ...
By design, all ETFs are tax efficient relative to other pooled investments (such as mutual funds) thanks to their unique in-kind creation/redemption mechanism. It allows ETFs to be thoughtful when ...