Cleaning the Desk for the Week-End Nov 14, 2009
The national sports publication ranked 239 markets in several categories, including the number of years their minor-league teams have existed, paid attendance for those teams, fluctuations in each markets unemployment rate and population, and each areas total personal income. Salary Cut of Veteran Scout Blasted The Dodgers have cut the salary of 87-year-old part-time scout George Genovese from $18,000 to $8,000 and with the big numbers being tossed around during the McCourt's divorce... (Los Angeles, TheInsiders.com)
Thomas Oliver: Climate bills are economic engine killers Nov 14, 2009
5 billion and decrease our personal income by more than $5. 5 billion in its first year, before it s fully implemented. (Atlanta Journal-Constitution -- Business)
Census report: for more seniors, rising well-being Nov 14, 2009
In 2001, Social Security accounted for 39 percent of seniors' personal income. Higher divorce rates. (Yahoo News -- Aging)
Mike Huckabee and the high cost of presidential campaigns Nov 14, 2009
One of the questions is, would I be in a position by then to forego a personal income for two years. Huckabee said. (Atlanta Journal-Constitution -- Metro)
Prop. 13 good for all Nov 13, 2009
The owners of commercial properties must have a reasonable return on their capital investment, so when taxes go up, the increased expense is passed along to the business tenants in the form of higher rents, which is then passed along to the public in the form of higher consumer prices, which can only go so high before the businesses become uncompetitive and are driven out of California, which increases unemployment and decreases business and personal income tax revenues. So, raising taxes on... (Fresno Bee -- Opinion)
Vt. Economy Bouncing Back, But How Long Will it Take? Nov 13, 2009
"We shouldn't minimize the challenge ahead though. We're facing a shortfall of over $200 million in our general fund for the next two fiscal years combined. Our revenues are lower than they were four years ago. Vermonters' personal income, which yields the single largest source of revenue for the general fund, continues to fall. So we've got a tough row to hoe.". One positive sign in the economy is the state's unemployment rate has been ticking down-- now at 6. (WCAX.com, VT)
Vt. Economy Hits Bottom; Revenue Forecast up a Bit Nov 13, 2009
"Unemployment is still going up. Personal income for Vermonters is still declining. This is going to be a long, slow recovery.". Economists Jeffrey Carr for the administration and Tom Kavet for the Legislature told the Emergency Board, made up of Douglas and the chairs of the Legislature's budget and tax committees, that it could be 2013 before the state makes a full recovery. (ABC News -- Wire)
Wisconsin seen in 'fiscal peril' Nov 12, 2009
Release of the study comes a day after the Wisconsin Department of Revenue said that the state is expected to show a mild recovery in employment and personal income starting in 2010. According to the agency's "Wisconsin Economic Outlook" report, total state employment is expected to decrease 3. (Milwaukee Business Journal, WI)
* Net tax revenue drops by record 16.6% Nov 12, 2009
That was followed by a drop in personal income tax of NT$69. 7 billion, or 20. (Taipei Times, Taiwan -- World)
Grade school pays tribute to veterans Parading through the hallways of a Spotsylvania County elementary school yesterday, some brave and tough men and women were reduced to tears. Nov 12, 2009
The two biggest sources of state tax money are taxes on sales and personal income. As jobs and paychecks have been slashed, both of those sources have taken a nose dive, and since the small signs of recovery some economists are seeing don't include any good news on the jobs front, they're not likely to bounce back any time soon. (Fredericksburg.com, VA)
Marc Faber: Gold Will Fall to $800 Nov 12, 2009
Faber has said lagging unemployment rates and low personal income rates will slow economic recovery despite nominally high official growth rates. Nevertheless, gold prices are staying high for now, as a weak greenback pushes investors away from currency markets and into precious metals. (Newsmax)
State revenue $854M below budget guesses Nov 11, 2009
Though both corporate taxes and personal income tax revenue was up in October, sales taxes were $102 million lower than expected ... 3 percent, while personal income taxes were $10. (San Jose Business Journal, CA)
Economists Forecast For 2010 Looks Better, Relative To This Year Nov 11, 2009
" Today's forecast said that the national labor market will lag behind output and unemployment will peak above 10 percent. Payrolls should add nearly 2 million jobs by year's end. Inflation will remain low through 2010 due to cautious consumer spending and continued high unemployment. In Indiana, real personal income will grow about 2 percent higher than in 2009. This will be due partly to some improvement in state employment, Conover said. "We have been hit harder than the rest of the nation in... (Science Daily)
Record Bonuses Return to Wall Street as Big Three May Award $29.7 Billion Nov 10, 2009
State personal income tax collections in the first six months of the current fiscal year, which ends March 31, declined $4. 4 billion, or 21. (Bloomberg)
State to lease forest land for gas drilling Nov 10, 2009
Ms. White, in a statement released by her spokesman, also noted that responsible development of the Marcellus shale natural gas reserves was critical to avoiding a personal income tax increase as part of the recently passed budget. According to state officials, the department has held 73 lease sales since 1947. (Pittsburgh Post-Gazette, PA)
California May Pay Higher Yield Than in March at $1.5 Billion Bond Sale Nov 10, 2009
The Republicans popularity fell this year as the wealthiest state by per capita personal income resorted to borrowing to finance its deficit. Municipal borrowers plan to sell less than $6 billion of new fixed-rate issues this week, the since the week ending Sept. 11, according to Bloomberg data. (Bloomberg -- US)
Asia stocks track US higher; Europe narrowly mixed Nov 10, 2009
Investors were expected to focus on U.S. personal income and spending data for September, released at 1230 GMT (8:30 a.m.). TOKYO -- Asian stocks extended their gains Tuesday after Wall Street touched its highest level for 2009 amid optimism low interest rates would continue to power this year's rally in global markets. (Fresno Bee -- Business)
Follow principles that increase likelihood of dairy business success (19) Nov 9, 2009
They discovered those businesses that used management teams had frequent family meetings, developed a plan for the future, had higher family member personal income and the businesses survived for more generations. 3. (Sioux Falls Tri-State Neighbor, SD)
Good news amid continuing challenges Nov 9, 2009
A recent federal report shows that per capita personal income in Arkansas has risen again, both in real dollars and in comparison to other states. For the first time in 50 years, we ve moved up to 46th in the nation. (Paragould Daily Press, AR)
Names could pay for state Nov 9, 2009
According to lists of the top 200 corporate scofflaws and top 200 personal income tax delinquents provided under the Freedom of Information Law, Paterson would get a running start for his proposed tax amnesty program by calling on just a few key people and companies ... It may be difficult to collect from Pentti J. Kouri, who tops the list of personal income tax debtors. (Albany Times Union)
Voice your opinion about priorities for government (249) Nov 9, 2009
Perhaps the biggest last laugh on lawmakers efforts to generate additional revenues to fill the growing budget deficit is their move to increase personal income tax rates on the wealthiest of income earners, arguing that this effort was to protect the average wage earner making $150,000 or $330,000 or less ... However, what the increase in the personal income tax rates will do is to punish the legitimate small businesses that are not incorporated but report their business income as personal... (Lihue Garden Island, HA)
Baird says he'll vote against House health care bill Nov 8, 2009
bmoc wrote on Nov 6, 2009 9:26 PM:" There was a letter today, and I frequently here the argument that Obama is going to redistribute wealth. This may be true to some degree. However, many of you Republicans are vastly overestimating your wealth. Every Administration since Reagan has given such large tax breaks to the wealthy so that now people who have income of $6 million annually are taxed in the 36 - 40%. The super rich used to have up to 80% of their wealth taxed before the 1980s and many... (Longview Daily News, WA)
Higher-wage earners to pay increased tax on super Nov 7, 2009
Mr Swan said this worked against the progressive personal income tax scale, which he considered fair. For example, he considered it fair that a person who earns $150,000 has 2 times the income of somebody on $60,000 but pays almost four times the amount of tax. (Sydney Morning Herald -- Business)
Isle rebound not likely soon Nov 7, 2009
Laney, who is a Hawaii Pacific University professor and is economic adviser to First Hawaiian, said personal income will likely be sub-par, but could break into the positive for the year as a whole ... Personal income adjusted for inflation will fall 1. (Honolulu Advertiser)
Business Highlights Nov 7, 2009
Investors were expected to focus on U.S. personal income and spending data for September, released at 1230 GMT (8:30 a.m.). AIG posts 2nd consecutive quarterly profit. (Fresno Bee -- Business)
Study tracks Wash. life sciences sector Nov 7, 2009
3 billion in personal income in 2008, according to the study that was funded by a pharmaceutical industry initiative called We Work for Health. The report concludes that the life sciences industry in Washington state is growing and has several advantages: its strong ability to compete for federal research awards, and its rapid rise as a world leader in global health due largely to the presence of the and several independent institutions funded by the Seattle-based foundation. (Puget Sound Business Journal, WA)
Oasis terminal open, but ship delayed Nov 7, 2009
The site of 1,400 construction workers coming to this site everyday was a daily reminder to me of Port Everglades' role as an economic engine to this region," Allen said. Broward County Mayor Stacy Ritter said she expects the terminal to support an estimated 8,000 jobs and generate $356 million in personal income. The Oasis can hold 5,408 passengers at two per cabin, which is considered 100 percent occupancy, but that number can swell past 6,000 if cabins have three or more occupants. The... (South Florida Business Journal, FL)
AP: Education leaders discuss future of schools Nov 7, 2009
91 in support per $1,000 in personal income. The amount compares poorly to the $7. (Missourian Publishing, MO)
Economist expects Hawaii economy to stabilize next year Nov 6, 2009
Personal income adjusted for inflation is likely to be sub-par at 0. 5 percent growth, he said. (Honolulu Advertiser)
Economist expects job losses to slow Nov 6, 2009
Real personal income is forecast to grow by 0. 5 percent in 2010 after falling 2 percent this year. (Pacific Business News, HI)
State using NYers as ATMs, DiNapoli says Nov 6, 2009
In a more immediate sense, DiNapoli said revenue continues to fall in key categories particularly personal income taxes, which supply 60 percent of the state s total revenue. Even if actions are taken in November to address the current gap, additional steps will likely be necessary. (Albany Business Review, NY)
State economy seen stabilizing in 2010 before recovering in 2011 Nov 6, 2009
More people will lose jobs and the rate of inflation and unemployment will move up next year; however, there will be small gains in visitor arrivals and real personal income as the economy stabilizes ... Real personal income will grow 0 ... More people will lose jobs and the rate of inflation and unemployment will move up next year; however, there will be small gains in visitor arrivals and real personal income as the economy stabilizes. (Honolulu Star-Bulletin)
Buffett Would Have Sent LeBron James to Yankees Nov 6, 2009
Neither state has a personal income tax. You can bet that James will be asked countless questions tonight, and tomorrow, and the next day, about the lure of New York, and about the attraction of playing before a star-studded crowd at MSG. Hell offer one noncommittal response after another until a decision is made, probably sometime after the playoffs in June. (Bloomberg -- Columnists)
Oct sees higher personal I-T mopup, corp tax dips Nov 6, 2009
NEW DELHI: Personal income tax collections shot up 00004000 in October following payout of the second and final installment of the Sixth Pay Commission arrears to government employees and pensioners, but corporate tax collections declined over the same month last year, suggesting that the much talked about economic recovery is still to show up in numbers ... Personal income tax collections were up by 16 ... Personal income tax collections shot up in October following payout of the second and... (India Times)
Americans worried more about personal deficit Nov 5, 2009
The deficit, that is, in his personal income after the 26-year-old Miami finance analyst was forced to find a temporary job paying $20,000 a year less than he earned until January when he was laid off from his auditor's post in Miami. From Miami to Milwaukee, ordinary Americans are counting the cost to their own lives of the recession, which has seen the U.S. budget deficit swell to a record $1. (MSNBC -- Business)
Hudson: Tax increase a safer bet for revenue than casino gambling Nov 5, 2009
Instead, let s just raise the state s personal income tax rate. That s not a typo. (Dover Sherborn Tab, MA)
New Hawaii economic forecast shows less decline Nov 5, 2009
Hawaii s economy will continue to shed jobs over the next six months and it will take more than two years for personal income to return to 2007 levels, according to the quarterly forecast released today by the. The number of visitors from Japan is forecast to fall by 4. (Pacific Business News, HI)
World stocks drop amid economic recovery doubts Nov 5, 2009
Investors were expected to focus on U.S. personal income and spending data for September, released at 1230 GMT (8:30 a.m.). SINGAPORE -- World stock markets dropped Thursday as the U.S. Federal Reserve failed to reassure investors that a lasting recovery in the global economy was taking hold. (Fresno Bee -- Business)
Businesses thriving despite recession Nov 5, 2009
LaFaive added, It tells us economic malaise can linger for decades; and if the present trends continue, we can see traditionally poorer states like Mississippi may pass Michigan in average per capita personal income ... Two things to look for in determining when Michigan begins to rebound are the state s economic output and personal income statistics ... The second, and intertwined thing, is personal income. (Gaylord Herald Times, MI)
•Consumer credit market may be recession's biggest victim Nov 5, 2009
6 percent as a share of personal income. Subscribers, to read full story. (The Daily Journal)
First Monday Nov 4, 2009
Nov. 25: Americans' personal income and spending for October is reported by the Commerce Department. Nov. 26: Markets closed for Thanksgiving. (USA Today -- Money)
Economic exorcism a success; but who got hurt the most? Nov 4, 2009
As noted in an earlier column, personal income losses were partially offset by increases in unemployment compensation. That's how the system is supposed to work. (The Daily Journal)
Big scramble to get all 2010's eggs in one basket Nov 4, 2009
The draft Public Service Broadcasting Bill, released for comment last week, proposes the scrapping of TV licences in favour of funding directly from personal income tax. To be sure, the public broadcaster needs quite a bit of help - the bailout required is estimated at around R2bn. (Business Report, South Africa)
Madoff Accountant Apologizes to Victims Nov 4, 2009
Friehling said that he did not know about the Ponzi scheme, but he did certify as truthful Madoff's audits and financial documents as well as his personal income tax returns. Friehling said he could not verify the information in the reports. (CBS News -- Evening News)
Asia stocks rise as China growth forecast upgraded Nov 4, 2009
Investors were expected to focus on U.S. personal income and spending data for September, released at 1230 GMT (8:30 a.m.). A look at economic developments around the globe. (Fresno Bee -- Business)
Capitol Watch Blog: Connecticut Politics Nov 3, 2009
But our opponents aren't waiting, and we can't either,'' the email states. "They're launching attacks every day -- not just against me, but against the very values that we fight for. They will leave no stone unturned when it comes to winning in 2010, and they will have nearly unlimited sums of special interest money to help them do it. But with your help, I know we can withstand whatever attacks they throw our way over the next year. But we can't win in 2010 unless we start fighting in 2009.". (FOX61, CT)
A learn how to fish budget? Nov 3, 2009
The goodies of this budget are not the RM1,000 personal income tax relief or RM500 deductible for broadband; it is the strategic way forward for the nation. The direction is set but success hinges on implementation as always. (The Star Online, Malaysia -- Business)
Tax Limits: Time for TABOR in Maine Nov 3, 2009
The size of a state s private sector is strongly and positively correlated with personal income per capita ... Colorado, with its robust private economy, soaring personal income, and population growth that outstrips Maine s 7-to-1, continues to embrace TABOR as it did last November. (Human Events Online)
Census report: for more seniors, rising well-being Nov 3, 2009
In 2001, Social Security accounted for 39 percent of seniors' personal income. Higher divorce rates. (Yahoo News -- Aging)
Asia markets fall as US recovery doubts linger Nov 3, 2009
Investors were expected to focus on U.S. personal income and spending data for September, released at 1230 GMT (8:30 a.m.). World stocks fall on drop in US consumer spending. (Fresno Bee -- Business)
Gov. Brewer set to call back Legislature Nov 3, 2009
California gets more than half of its general-fund dollars from the personal income tax; in Arizona, the state sales tax provides more than half of the state's revenue. "If you're overly reliant on something - boy, you better tighten your seat belt," he said. (AZCentral -- News)
South Africa: A Vulgar Intent [editorial] Nov 3, 2009
This is as unacceptable as the provision calling for a 1% increase in personal income tax, which would surely not have made it into the bill at all had the draft followed the normal route to Parliament, including broad consultation before being published for public comment. There has been no consultation that we are aware of - not even within government and Nyanda's colleagues at the Treasury department, if the tax proposal is anything to go by - and the time allowed for public comment is... (allAfrica.com)
Childhood cancer survivors less likely to marry, Yale researchers find Nov 3, 2009
"Separate studies are underway to better understand factors that contribute to other adult benchmarks such as living independently, achieving higher education and personal income.". . (EurekAlert!)
Gov. says Arkansas now 46th in per-capita income Nov 3, 2009
(AP) - Gov. Mike Beebe says Arkansas now ranks 46th in per-capita personal income, up from 47th last year ... Arkansas' per capita personal income is $32,397, while Connecticut ranked No. 1 with a per- capita personal income of $56,272. (KSLA.com, LA)
Asian Stock Markets Slide Amid US Recovery Doubts Nov 2, 2009
5 percent and personal income remained flat compared to the previous month. A drop in a key measure of consumer sentiment added to the day's troubling signs that U.S. consumers, whose voracious spending helped drive global growth before the crisis, were unlikely to resume their spendthrift ways anytime soon. (ABC News -- Business)
Commentary:Politics won in legislative efforts to deal with taxes Nov 2, 2009
EcoNorthwest economist Randall Pozdena estimates the tax increases will result in the loss of about 40,000 additional jobs and more than $3 billion in personal income. Apparently, Democrat leaders have discarded the concept that Oregon voters are capable of deciding for themselves. (Klamath Falls Herald & News, OR)
Profit taking leads JSE into the red Nov 1, 2009
Online Edition Powered By IOL. DisplayAds('SkyLEFT',17,). (Business Report, South Africa)
US consumer spending falls as auto incentive ends Nov 1, 2009
Personal income was flat last month after rising 0. 1 percent in August. (Business Report, South Africa)
Is catastrophic the new normal? Nov 1, 2009
One in which declining personal income, falling consumer spending (according to Commerce Department figures announced Friday) and double-digit unemployment make up the new normal ... One in which declining personal income, falling. (San Francisco Chronicle -- Technology)
Nations GDP rises 3.5 percent in third quarter Nov 1, 2009
Current-dollar personal income decreased $15 ... Disposable personal income decreased $20 ... Personal saving disposable personal income less personal outlays was $364. (East Bay Business Times, CA)
Dollar gains Oct 31, 2009
The report also showed that personal income was flat in September, with wage and salary income 0 ... Without increased government transfer payments, personal income would have fallen. (Xinhuanet, China)
Wall St falls Oct 31, 2009
Personal income was flat in September compared with the previous month, also in line with economists' average forecast. The Reuters/University of Michigan final index of consumer sentiment decreased to 70. (Xinhuanet, China)
Stocks Plunge amid Worries about Spending Oct 31, 2009
The Labor Department also reported Friday that personal income, the fuel for future spending, was flat in September compared with the previous month, in line with expectations. A lack of income growth is due, in part, to ongoing high unemployment rates, also a major worry for the market. (CBS News)
NYS deficit seen rising to $10B and higher Oct 31, 2009
Personal income and non-agricultural employment are also projected to decline by 2 ... So far this fiscal year, personal income tax collections the state s primary source of revenue are $4. (Albany Business Review, NY)
Lalit Modi top taxpayer, Shah Rukh Khan tops Bollywood list Oct 31, 2009
6 crore advance tax in the first six months of this year, projecting a tax outgo of at least Rs 22 crore with his personal income expected to cross Rs 70 crore in 2009-10. A contender for chief ministership of Andhra Pradesh, Jagan had paid no tax in H1 last year, but has paid Rs 6. (India Times, India)
