The Mega Millions lotto pot for Jan. 15 is the second largest it's ever been. Taxes on the lotto go to state governments, but often the money isn't spent in quite the way it's supposed to be.
In ancient Athens, only the richest people paid taxes on wealth, and they were happy to do it.
Twospoonfuls via Wikimedia Commons
In ancient Athens, the richest people paid taxes to support what the residents considered the salvation of the city. These taxes earned them social and political clout more valuable than money.
While those on the left, right and middle worry about the federal deficit, the real world that we live in is in trouble. The fiscal prudes are fretting about the wrong issues.
American citizenship is not as coveted as it once was.
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Some 10,000 people are likely to give up their US passport this year, way above average. Are they fleeing COVID-19? Nasty politics? Taxes? None of the above, says an expert on American citizenship.
A shack in a waterfront community in Lagos.
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Our new research shows Australians recognise the fundamental importance of additional investment in the aged care sector to boost the quality of care.
Protestors voice their displeasure during a New York City Council hearing on Amazon’s plan to locate a headquarters in the city.
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As state and local governments lure businesses to their shores with financial incentives, a recent study finds that two forms of stimulus spur growth more than others.
The demand for services nonprofits offer is surging.
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What is a state's balance of payments, and why do some pay so much more? An author of a report at the heart of debates over which states should get coronavirus relief funds breaks it down.
Canada’s federal deficit has skyrocketed since the beginning of the coronavirus pandemic. How will Ottawa pay back the money its borrowed?
THE CANADIAN PRESS/Sean Kilpatrick
Canada's federal deficit has ballooned as Ottawa spends billions in response to the coronavirus pandemic. An economist explains why the massive spending will not harm Canadians in the future.
Good old days: Before the coronavirus hit, governors, like California’s Gavin Newsom, had easier jobs.
AP/Rich Pedroncelli, Pool
As Congress considers further financial help for victims of the coronavirus pandemic, the magnitude of the fiscal crisis that governors and their states will have to face is just starting to emerge.
A sign in Texas in 1939, at the end of the Great Depression.
(The New York Public Library/Unsplash)
The Canadian federal government’s COVID-19 Economic Response Plan includes tax-related measures. It's helpful to examine tax supports for individuals by considering the past, present and future.
Digital traders will not escape taxation.
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Inequality has reached untenable levels – public spending and wealth taxes are needed.
Bill Blazina, 73, uses a high-potency marijuana oil as a medical marijuana patient, but he can’t afford it at a recreational marijuana store.
AP Photo/Gillian Flaccus
Rapidly growing metropolises like Beijing, Jakarta and Ho Chi Minh City are struggling to protect residents against tobacco. Life-saving policies in rich countries may be partially to blame.
China retaliated with tariffs on U.S. imports after Trump imposed tariffs on $250 billion of Chinese imports.
Reuters/Ng Han Guan