Back in May I posted about the City of Terre Haute being broke. It was more of a question due to the city having some troubles paying bills.
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Category / Economics
FBI: August Firearm Background Checks Breaks Record
People are still buying up guns. Here is more from USA Today:
Newly released August records show that the FBI posted 1.7 million background checks required of gun purchasers at federally licensed dealers, the highest number recorded in any August since gun checks began in 1998. The numbers follow new monthly highs for June (1.5 million) and July (1.6 million),
You can read the whole article here
Another Example Why U.S. Tax Code Needs Destroyed
Bill Cobb, CEO of H&R Block recently came out in support of Donald Trump wanting to simplify the U.S. tax code.
People Dumping Illinois for Indiana
According to the 2013 U.S. Census Bureau, 15,800 persons lived in Illinois who were residents of Indiana a year earlier. That’s 12 percent of the
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U.S. Government Welfare Programs Run $742 Billion A Year
CNBC is reporting America’s “social safety net” programs the federal government provides i.e. welfare
Indiana Ranked 6th Nationally For Small Business Growth
Paychex.com had a news release over small business growth they track across the U.S. Read full post here.
Paychex is a leading provider of integrated human capital management solutions for payroll, HR, retirement, and insurance services.
How Many School Districts Are in America?
America has a lot of people. With that comes the obligation of educating millions of children.
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Men Still Working Longer Daily Then Women
StatisticBrain.com posted a breakdown titled “Daily Activity Statistics“. Good read on various activities done by men and women. I suggest a look at it by clicking the title above.
Here’s one pertaining to work:
Where the Federal Government Gets Tax Revenue From
Via Peter G. Peterson Foundation
The federal government collects revenue from a variety of sources. The largest source is taxes on individuals’ income and payroll taxes, which together make up four-fifths of federal revenue. Individual income taxes are assessed against wage income and are progressive: that is, the tax rate someone pays increases as their income increases. Payroll taxes are a flat percentage of wage income. They are used to fund Social Security and portions of Medicare. Taxes on corporate profits, estate and gift taxes, excise taxes (a tax levied on a good or service), customs duties, and numerous other taxes comprise the remainder.
Illinois Is An Example of What is Coming For Many States
photo courtesy of http://www.whatamimissinghere.com
For the last few years, many in the economic world have been cynical of states like Illinois, California and others for how bad their government books are when it comes to finances. Continue reading →
Hoosier Econ 