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Federal and revenue
According to a 1996 report of the Joint Economic Committee of the United States Congress, during Reagan's two terms, and through 1993, the top 10 % of taxpayers paid an increased share of income taxes ( not including payroll taxes ) to the Federal government, while the lowest 50 % of taxpayers paid a reduced share of income tax revenue.
Daniel Kuehn attributes the improvement to the earlier monetary policy of the Federal Reserve, and notes that the changes in marginal tax rates were accompanied by an expansion in the tax base that could account for the increase in revenue.
Part A largely is funded by revenue from a 2. 9 percent tax levied on employers and workers ( each pay 1. 45 percent ) established by the Federal Insurance Contributions Act ( FICA ) and the Self-Employment Contributions Act of 1954.
The legalization of Marijuana would increase much-needed tax revenue for the Local, State, and possibly Federal Governments, but is unlikely particularly in a county that has prohibited the sale of alcohol.
In April 1987, the Federal Reserve Board had approved the bank holding companies Bankers Trust, Citicorp, and J. P. Morgan & Co. establishing subsidiaries (“ Section 20 affiliates ”) to underwrite and deal in residential mortgage-backed securities, municipal revenue bonds, and commercial paper.
Following Senator Proxmire ’ s letter, in 1989 the Federal Reserve Board approved Section 20 affiliates underwriting corporate debt securities and increased from 5 % to 10 % the percentage of its revenue a Section 20 affiliate could earn from “ bank-ineligible ” activities.
In its 1986 Annual Report the Volcker led Federal Reserve Board recommended that Congress permit bank holding companies to underwrite municipal revenue bonds, mortgage-backed securities, commercial paper, and mutual funds and that Congress “ undertake hearings or other studies in the area of corporate underwriting .” As described above, in the 1930s Glass-Steagall advocates had alleged that bank affiliate underwriting of corporate bonds created “ conflicts of interest .”
Similar to Senator Proxmire in 1988, Representative Leach responded to the House ’ s inaction on his Glass-Steagall “ repeal ” bill by writing the Federal Reserve Board in June 1996 encouraging it to increase the limit on Section 20 affiliate bank-ineligible revenue.
The SIA ’ s prediction proved accurate two years later when the Federal Reserve Board applied the 25 % bank-ineligible revenue test in approving Salomon Smith Barney ( SSB ) becoming an affiliate of Citibank through the merger of Travelers and Citicorp to form the Citigroup bank holding company.
In 2003, Charles Geisst, a Glass-Steagall supporter, told Frontline the Federal Reserve Board ’ s Section 20 orders meant the Federal Reserve “ got rid of the Glass-Steagall Act .” Former Federal Reserve Board Vice-Chairman Alan Blinder agreed the 1996 action increasing “ bank-ineligible ” revenue limits was “ tacit repeal ” of Glass-Steagall, but argued “ that the market had practically repealed Glass-Steagall, anyway .”
Melanie Fein has described how the consolidation of the banking and securities industries occurred in the 1990s, particularly after the Federal Reserve Board ’ s actions in 1996 and 1997 increasing Section 20 “ bank-ineligible ” revenue limits and removing “ firewalls .” Fein stated that “ lthough the Gramm-Leach-Blily Act was expected to trigger a cascade of new consolidation proposals, no major mergers of banks and securities firms occurred in the years immediately following ” and that the “ consolidation trend resumed abruptly in 2008 as a result of the financial crisis ” leading to all the large investment banks being acquired by, or converting into, bank holding companies.
In Germany, the Tarifverband der Bundeseigenen und Nichtbundeseigenen Eisenbahnen in Deutschland ( Tariff Association of Federal and Non-Federal Railways in Germany ; TBNE ) is responsible for railway ticket revenue distribution.
As there is no explicit Federal requirement for a two person train crew the Utah Transit Authority's FrontRunner service was originally planned to be operated by an operator only with revenue collection being handled by a Proof of Payment system.
New revenue laws were also enacted, which, by taxing inheritances, laid the groundwork for the contemporary Federal income tax.
Each campaign ( for federal office ) has to run a PAC that reports revenue and expenses to the Federal Election Commission ( FEC ).
# Risk Management: develops, implements, and maintains monitoring programs for collecting the revenue due the Federal Government and protecting the public, and ensures resources are effectively used.
The New Deal continued infrastructure improvements through the numerous public works projects of the Works Progress Administration ( WPA ) as well as the creation of the Tennessee Valley Authority ( TVA ); brought massive reform to the banking system of the Federal Reserve while investing in various ways in industry to stimulate production and control speculation ; but abandoned protective tariffs while embracing moderate tariff protection ( revenue based 20 – 30 % the normal tariff under this ) through reciprocity, choosing to subsidized industry as a replacement.
When the Federal Reserve creates currency and uses it to buy treasury bills, it collects seigniorage revenue in the form of interest payments which it then returns to the United States ( for example, in 2002 the United States earned $ 24. 495 billion in this manner ).
* Federal Tax Administration ( FTA ): Responsible for federal revenue collection and the application of federal tax laws in the cantons.
Federal Liberals assert that it is impossible for a true fiscal imbalance to exist, as the provincial governments have access to all the same sources of revenue as the federal government.
In 1999, the Commonwealth Parliament passed legislation introducing a new broad-based Federal indirect tax, the Goods and Services Tax ; the revenue from this tax was to go entirely to the States and Territories in exchange for abolishing a range of other indirect taxes.
Today the tribe earns most of its revenue from a combination of Federal / State funds, tourism, and the Harrah's Cherokee Casino, instituted in the early 1990s.

Federal and share
The percentage of Federal participation in such costs for any State is referred to in the law as that State's `` Federal share ''.
For purposes of this explanation, this percentage is referred to as the State's `` unadjusted Federal share ''.
The provisions for determining a State's unadjusted Federal share are designed to reflect the varying financial resources among the States.
The purpose of the adjusted Federal share relating to the base allotment and of the transition provisions for reaching the unadjusted Federal share is to prevent dislocations from abrupt changes in matching rates.
( Alaska and Hawaii had fixed Federal share percentages in effect prior to fiscal year 1962.
except that no State shall have a Federal share less than 50% nor more than 70%.
If the resulting difference for the particular State is less or more than these extremes, the State's Federal share must be raised or lowered to the appropriate extreme.
In the elections of 2003, the People's Party received ( effective January 1, 2004 ) a second seat in the Federal Council, reducing the share of the Christian Democratic Party to one seat.
The share of Federal Emergency Relief Administration ( FERA ) and WPA benefits for African Americans exceeded their proportion of the general population.
Educators wanted more of radio to be given to them ; they had been termed a " special interest " by the Federal Radio Commission and their stations were forced to share frequencies.
However, churches are required to withhold Federal and state income tax from their employees along with the employee's share of Social Security and Medicare taxes, and pay the employer's share of the latter two taxes, unless the employee is an ordained, licensed, or commissioned minister.
Most states have adapted " do not call " files of their own, of which only some states share with the U. S. Federal Do Not Call registry.
The Soviet Bloc ceased to swallow the lion's share of operational priorities, although the stability and intentions of a weakened but still nuclear-capable Federal Russia constituted a significant concern.
Following public protest by farmers, environmentalists and a broad coalition, the Prime Minister John Howard withdrew support for the sale of the Federal Government's 13 % share in the company in 2006.
However, Frazee had stopped paying installments because of a dispute over who owed Boston's share of MLB's settlement with the Federal League.
The Army, Navy, Federal Bureau of Investigation ( FBI ), United States Department of State, and other interests each ran their own intelligence operations, the results of which they were reluctant to share with the other departments.
Washington Federal stocks dropped 5. 9 % on the announcement of this deal due to share holder expectations that a larger acquisition deal would have occurred.

Federal and GDP
The Federal deficit in Reagan's final budget fell to 2. 9 % of GDP.
Transfers from the Federal government are estimated to represent around a third of state GDP.
The borough ’ s economic activity accounts for 6. 2 % of the total GDP of the Federal District.
GDP, used for the Federal Republic of ( West ) Germany, is not so modified.
Wright's public service also included previous positions in the Federal Departments of Agriculture and Commerce, including acting Assistant Secretary for Economic Affairs responsible for developing the GDP.
Federal spending fell to 18. 4 percent of GDP.
Federal revenues as a percent of the GDP fell from 19. 6 % in 1981 when Reagan took office to 18. 3 % in 1989 when he left.
Federal spending fell slightly from 22. 2 % of the GDP to 21. 2 %.
General government debt in percent of GDP, USA, Japan, Federal Republic of Germany.
In FY 1991, the Federal deficit was 4. 5 % of GDP, and by FY 2000, the Federal surplus was 2. 4 %.
Total Federal spending as a percentage of GDP decreased each year from FY1991 through FY 2000, falling from 22. 3 % to 18. 4 %.

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