WASHINGTON (Reuters) - State tax revenues have grown for more than two years, but they are still suffering the effects of the 2007-2009 recession, according to a report released by the Rockefeller Institute of Government on Thursday.Using preliminary data, the New York research group found that collection from major taxes increased in 47 states in the third quarter of 2012 from a year before, marking...
Muni tax break under threat from bipartisan scrutiny in congress
Labels: BusinessWASHINGTON (Reuters) - The tax break that U.S. states, cities and counties get on the bonds they issue is in growing jeopardy now that Republicans, in addition to Democrats, are considering limits on the exemption.As part of the "fiscal cliff" negotiations to raise more federal government tax revenue, Republican lawmakers have joined Democrats in reevaluating the costly tax break, said Republican...
Boehner plan would bring top U.S. income tax rate to 39.6 percent: source
Labels: BusinessWASHINGTON (Reuters) - House of Representatives Speaker John Boehner's latest "fiscal cliff" proposal to President Barack Obama would see the top income tax rates rise to 39.6 percent from 35 percent for those with net incomes above $1 million a year, according to a source familiar with the talks.The source, who asked not to be identified, emphasized that the income tax rate increase would be in exchange...
House Republicans eye limited fiscal cliff bill
Labels: BusinessWASHINGTON (Reuters) - With time running short before a Dec. 31 deadline, House of Representatives Speaker John Boehner will begin work on legislation that simply would extend current low income tax rates for all families with incomes below $1 million a year, according to an aide.Negotiations will continue with the White House on a broader tax and spending deal, the Boehner aide said.Boehner is presenting...
Senator Reid rejects Boehner "fiscal cliff" backup plan
Labels: BusinessWASHINGTON (Reuters) - House Speaker John Boehner's backup plan that would simply extend low income tax rates for households with incomes below $1 million a year "cannot pass both houses of Congress," Senate Majority Leader Harry Reid said on Tuesday.Reid, a Democrat, said Boehner instead should focus on reaching a broad deficit-reduction deal with President Barack Obama. "Now is the time to show...
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27
"Hebrew Hammer" sequel profits from crowdfunding campaign
Labels: TechnologyThe Hebrew Hammer vs. Hitler," the sequel to 2003's "The Hebrew Hammer," will begin filming next year, after an innovative crowdfunding campaign that's raised $35,000 on Jewcer.com, the filmmakers announced Tuesday.Adam Goldberg will return in the lead role, with principle photography expected to begin in May 2013.In the film, Goldberg's character, now married and enjoying the good life in suburbia,...
Instagram says no plans to put user photos in ads
Labels: Technology Instagram, the popular photo-sharing service owned by Facebook Inc, said on Tuesday it has "no plans" to incorporate user photos into ads in response to a growing public outcry over new privacy policies unveiled this week.Instagram Chief Executive Kevin Systrom said in a blog post that users had incorrectly interpreted Instagram's revised terms of service, released on Monday, to mean that user...
Sberbank to buy Yandex online payments service: source
Labels: Technology Sberbank, Russia's top lender, plans to buy Yandex.Dengi, an online payment service owned by Russian search engine Yandex, a source familiar with the matter said.Sberbank declined to comment. Yandex, which was not available to comment, was expected to hold a news conference on Wednesday.Sberbank, which accounts for a third of overall lending in Russia, has been expanding in the consumer credit...
Tubular raises $2.5 million to serve burgeoning YouTube industry
Labels: TechnologyTubular, a small San Francisco start-up that provides analytics for YouTube content creators, has raised $2.5 million in venture capital in the latest sign of how far the business ecosystem has evolved around the Google-owned video repository.YouTube was once known as Wild West of online video, but over the past two years Google has focused on raising the quality of YouTube content through a series...
Instagram tests new limits in user privacy
Labels: Technology Instagram, which spurred suspicions this week that it would sell user photos after revising its terms of service, has sparked renewed debate about how much control over personal data users must give up to live and participate in a world steeped in social media.In forcefully establishing a new set of usage terms, Instagram, the massively popular photo-sharing service owned by Facebook Inc, has...
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