A new report by Standard & Poors finds that rising income inequality may negatively impact state revenue growth. The report confirms the long-standing consensus of tax economists that high, progressive income taxes...
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- Cigarette Taxes Aren't This High (Yet)
Cigarette Taxes Aren't This High (Yet)
A New Hampshire man said he was shocked to check his bank account statement online to find his account overdrawn by more than $23 quadrillion dollars.
Josh Muszynski of Manchester said he was expecting to see a couple hundred dollars in his account, but instead he was faced with a negative balance far exceeding the national debt -- $23,148,855,308,184,500, WMUR-TV, Manchester, N.H., reported Wednesday.
"If it were to be true that someone actually compromised that money and got that money, they could do some severe damage with that amount of money," he said.
Muszynski said the amount appeared as a charge for a cigarette purchase at a Mobil gas station.
If it was up to groups like the American Cancer Society or nannies like New York mayor Michael Bloomberg, such a number may already be the government-mandated price tag on a pack of cigarettes. (Speaking of which, they never tell us what their ideal rate would be, do they? Just that it's always too low.)
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