Skip to content

News

Featured Articles

Related Articles

Report: Income inequality cuts Conn. tax revenue

- Associated Press

Tax revenue in Connecticut is more volatile than in most other states as capital gains and stock trades for the rich gyrate while wages earned by everyone else have barely increased since before the recession, according to a new report.

Study: Income gap weighing on Hawaii's tax revenue

- Associated Press

A new report on the nation's growing income gap finds that stagnant wages for most Americans have dampened consumer spending, and that's bad for states like Hawaii that depend heavily on sales taxes to keep their governments running.

Income tax collections driving Miss. revenue

- Associated Press

Mississippi is one of 10 states most reliant on sales taxes as a share of revenue, according to a new Standard & Poor's report that says that such states may be particularly susceptible to an ever-widening income gap dragging down state tax revenues.

NY tax receipts rise despite growing income gap

- Associated Press

New York tax collections have continued rising despite a growing income gap between its richest residents and everyone else, even as a national study shows overall growth in state tax receipts slowing as the income gap widens across the U.S.

Washington sales tax dependence cited in report

Associated Press

Washington is among the states that depend most heavily on sales taxes for revenue, and a new report links a decline in growth of such funds to the rising concentration of wealth for the richest U.S. households.

Colorado among states most reliant on income tax

- Associated Press

Colorado is among the top 10 states most reliant on income taxes for revenue, according to a new report concluding that income inequality is contributing to slower economic growth nationally.

Income inequality complicates Ga. consumption tax

- Associated Press

A new study suggests the growing share of income paid to the rich could raise the costs of a Republican proposal to replace Georgia's income tax with an expanded sales tax.

A look at mid-range and top earners in Tenn.

- Associated Press

Average household income for mid-range earners and of the top 5 percent around Tennessee in 2012. Note that some of the statistical areas include information from neighboring states.

Virginia income tax dependence cited in report

- Associated Press

Virginia is among the states whose coffers depend most on a state income tax, and a recent report links a decline in the growth rate of state income tax revenues to the rising concentration of income for the richest households. A report by the credit ratings agency Standard & Poor's shows a significant decline in annual average state tax revenue growth among the 10 most income tax-dependent states.

ADVANCE FOR USE MONDAY, SEPT. 15, 2014, AND THEREAFTER- In a July 16, 2014 photo, Minneapolis police officer Mike Kirchen, right, chats with Mascud Abdi, 13, left, and Mahad Ahmed, 10, while on patrol in the Cedar Riverside neighborhood in Minneapolis. For the last year, the U.S. Department of Justice has been working with the city of Minneapolis to develop a national model of community policing within a community of color. (AP Photo/The Star Tribune, Jim Gehrz)  MANDATORY CREDIT; ST. PAUL PIONEER PRESS OUT; MAGS OUT; TWIN CITIES LOCAL TELEVISION OUT

Achieving diversity in police ranks no easy task

- Associated Press

When he took over as police chief last year in the St. Louis suburb of Maryland Heights, it didn't take Bill Carson long to see he had a serious diversity problem. Of the department's 79 sworn officers, just one was black and one Hispanic.

New study on 'income inequality' looks at Mass.

- Associated Press

Advocates for changing Massachusetts' personal income tax may have new fuel for their campaign, as a new national study suggests a more progressive income tax that requires wealthier individuals to pay higher tax rates could help states deal with revenue problems.

Wealth gap report paints grim picture for Oregon

- Associated Press

A new report showing that rising income inequality could negatively affect state tax revenue comes amid a push by Gov. John Kitzhaber, legislative Democrats and others to overhaul Oregon's tax code.

Report: Wealth gap hurts Nevada tax revenue growth

- Associated Press

The amount of money Nevada gets from taxes is growing at a much slower pace than it did decades ago, a statistic that a new report attributes in part to the widening gap between the incomes of the top 1 percent of earners and everyone else.

S&P: California recovers growth with tax increases

- Associated Press

Rising income inequality has led to slowing tax revenue growth in California, but the state has responded by increasing its top marginal tax rate, causing its growth rate to accelerate after 2009, according to a new study released Monday by credit rating agency Standard & Poor's.

Report: Income inequality affects Missouri taxes

- Associated Press

A national increase in income inequality appears to be negatively affecting tax revenues in Missouri and other states, according to a new report from a credit rating agency.

Report: Growing wealth gap could threaten revenues

- Associated Press

Rising income inequality in the U.S. appears to be slowing tax revenue growth in Indiana and other states, according to a new report by the credit rating agency Standard & Poor's.

Tourism, retirees may help Fla. with income gap

- Associated Press

A new report says a rising concentration of income among the nation's richest households is a problem for Florida because it is one of 10 states most dependent on sales taxes.

Tennessee voters to decide ban on income tax

- Associated Press

Tennesseans are just weeks away from voting on a constitutional amendment to bar lawmakers from ever imposing a state income tax. The November vote approaches as a new study from ratings agency Standard & Poor's suggests that rising income inequality has a stronger negative effect on the states most reliant on sales tax revenues compared with those with those more dependent on income taxes.

Texas' fast-paced growth hasn't reduced inequality

- Associated Press

The oil and gas boom and millions of new consumers have propelled revenue growth in Texas to nearly twice the national average. Yet, a new report from Standard & Poor's shows income inequality is putting a brake on the pace of expansion.

ADVANCE FOR USE SUNDAY, SEPT. 14, 2014, AND THEREAFTER-  In this November 1989 photo, Tommy Thompson holds a $ 50 pioneer gold piece retrieved earlier in 1989 from the wreck of the gold ship Central America. Thompson led a group that recovered millions of dollars worth of sunken treasure only to end up involved in court cases brought by dozens of insurance companies laying claim to the treasure. (AP Photo/The Columbus Dispatch, Lon Horwedel)

Feds chase treasure hunter turned fugitive

- Associated Press

One of the last times anyone ever saw Tommy Thompson, he was walking on the pool deck of a Florida mansion wearing nothing but eye glasses, leather shoes, socks and underwear, his brown hair growing wild.