Uncommon Sense

politics and society are, unfortunately, much the same thing

REDUCED WALL STREET BONUSES CAUSE DEFICIT

NEW YORK TAKES $1B TAX REVENUE HIT
economics, economy, taxes, crisis, politics, news

Trickle down economics, or Reaganomics, works again.

January 28, 2009, by CLEMENTE LISI

REDUCED WALL STREET BONUSES CAUSE DEFICIT

New York state will lose a whopping $1 billion in tax revenues this year because cash bonuses to Wall Street employees plummeted 44 percent in 2008, according to a bombshell new report.

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Filed under: crisis, economics, economy, news, politics, taxes

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