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Wall Street to Your Street
Understanding the budget debate part 4: federal spending
June 26, 2017 | Russ Swansen, Chief Investment Officer
The federal government collects trillions of dollars in taxes each year, and, in recent years, it has been spending even more. That budget imbalance has added up to a national debt of about $19 trillion dollars. In the first three articles we explained where the revenue comes from – taxes on individuals, corporations and other entities – and this article will lay out where all of that revenue goes.
Understanding the budget debate part 3: business taxes
June 21, 2017 | Russ Swansen, Chief Investment Officer
Corporate income taxes account for only about 9% of the tax revenues collected by the federal government. That may seem like a small number since corporations are generally viewed as behemoths that make lots of money. Some are, of course. But there just aren't enough of them to account for a bigger share of federal tax receipts.
Understanding the budget debate part 2: individual taxes
June 19, 2017 | Russ Swansen, Chief Investment Officer
Congressional policymakers who hope to keep the federal debt in check have just two options: spend less money or collect more money in the form of taxes. Neither is easy, which is why the debt has continued to climb.
Fed hikes rates for second time this year
June 16, 2017 | Mark Simenstad, Vice President and Head of Fixed Income Funds
The Federal Reserve Board (Fed) voted Wednesday to raise rates for the third time in the past seven months, following an eight-year stretch during which the Fed adjusted rates only once.
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