Paychecks shrink as percentage of U.S. income (The Newsroom)

The Newsroom – University of Michigan economist Donald Grimes told the paper that the trend away from private income isn’t sustainable: After all, the government needs revenue generated by income tax to fund programs like food stamps. Government subsidies are often not taxed at all, or at lower rates than private salaries, leaving the government with less revenue to cover the benefits that people rely on during an economic crisis.

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Paychecks shrink as percentage of U.S. income (The Newsroom)

The Newsroom – University of Michigan economist Donald Grimes told the paper that the trend away from private income isn’t sustainable: After all, the government needs revenue generated by income tax to fund programs like food stamps. Government subsidies are often not taxed at all, or at lower rates than private salaries, leaving the government with less revenue to cover the benefits that people rely on during an economic crisis.

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Paychecks shrink as percentage of U.S. income (The Newsroom)

The Newsroom – University of Michigan economist Donald Grimes told the paper that the trend away from private income isn’t sustainable: After all, the government needs revenue generated by income tax to fund programs like food stamps. Government subsidies are often not taxed at all, or at lower rates than private salaries, leaving the government with less revenue to cover the benefits that people rely on during an economic crisis.

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Paychecks shrink as percentage of U.S. income (The Newsroom)

The Newsroom – University of Michigan economist Donald Grimes told the paper that the trend away from private income isn’t sustainable: After all, the government needs revenue generated by income tax to fund programs like food stamps. Government subsidies are often not taxed at all, or at lower rates than private salaries, leaving the government with less revenue to cover the benefits that people rely on during an economic crisis.

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Paychecks shrink as percentage of U.S. income (The Newsroom)

The Newsroom – University of Michigan economist Donald Grimes told the paper that the trend away from private income isn’t sustainable: After all, the government needs revenue generated by income tax to fund programs like food stamps. Government subsidies are often not taxed at all, or at lower rates than private salaries, leaving the government with less revenue to cover the benefits that people rely on during an economic crisis.

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Paychecks shrink as percentage of U.S. income (The Newsroom)

The Newsroom – University of Michigan economist Donald Grimes told the paper that the trend away from private income isn’t sustainable: After all, the government needs revenue generated by income tax to fund programs like food stamps. Government subsidies are often not taxed at all, or at lower rates than private salaries, leaving the government with less revenue to cover the benefits that people rely on during an economic crisis.

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FICO 2nd-qtr profit falls 27 pct as revenue drops (AP)

AP – FICO Inc., the financial services company formerly called The Fair Isaac Co., on Wednesday said its second-quarter profit fell 27 percent as revenue fell across all three of its business segments.

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Equity One reports jump in profit during 4Q (AP)

AP – Shopping center owner Equity One Inc. said Thursday it posted a 71 percent increase in fourth-quarter funds from operations, reporting higher revenue and an income tax benefit.

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Wall St gains on AIG deal (Reuters)

A trader works on the floor of the New York Stock Exchange February 25, 2010. REUTERS/Brendan McDermidReuters – U.S. stocks rose for a second straight day on Monday, boosted by AIG’s record-setting deal to sell a major Asian unit and on gains in semiconductor shares after SanDisk Corp raised its revenue forecast.

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Turbo Tax maker Intuit reports 2Q profit up 34 pct (AP)

AP – Intuit Inc. on Thursday said strong sales of its tax-preparation software helped lift its fiscal second-quarter profit 34 percent and beat Wall Street’s forecast. The company also raised its forecasts for full-year revenue and profit.

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