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New York Taxpayers on the Hook for $85,400

New York Taxpayers on the Hook for $85,400 - New York City, NY - Truth in Accounting's new City Combined Taxpayer Burden Report ....

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Chicago Taxpayers Face Heavier Tax Burden Than Other Most Populous US Cities: Report

Chicago Taxpayers Face Heaviest Burden Among 10 Most Populous US Cities: Report
Windy City taxpayers face a much higher unfunded tax burden than those living in any of the nation’s other most populous cities, including New York, according to new calculations by Truth in Accounting (TIA).
“The City of Chicago is in significantly worse financial shape than it might first appear, and its taxpayers face the highest taxpayer burden in the country,” the Chicago-based nonprofit said in a report titled “Taxpayers on the Hook,” which was made public May 11.
The new TIA report updates one released earlier this year that had found Chicago ranked second to New York City among the nation’s 10 most populated cities for the unfunded tax burden it imposes on local taxpayers. The new report offers a more comprehensive calculation of what the unfunded obligations actually are for each taxpayer in each of the 10 cities by including data for official subsidiaries. ....

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United States financial condition worsened by nearly $10 trillion in 2020

United States financial condition worsened by nearly $10 trillion in 2020
April 15, 2021 05:30 ET
| Source:
Truth in Accounting
Truth in Accounting
Chicago, Illinois, UNITED STATES
Chicago, April 15, 2021 (GLOBE NEWSWIRE) The Financial State of the Union report analyzes the audited financial report of the United States government for the fiscal year ending September 30, 2020. This report is released today by Truth in Accounting (TIA), a think tank that analyzes government financial reporting.
This year’s report found that the U.S. government’s financial condition worsened by nearly $10 trillion in 2020. The United States needs $123 trillion to pay its bills. The majority of this debt can be attributed to $55.1 trillion in Medicare promises and $41.2 trillion in Social Security. These are promises that have been made to our citizens, but the government has not set any money aside to fund them. Ot ....

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United States financial condition worsened by nearly $10 trillion in 2020

Press release content from Globe Newswire. The AP news staff was not involved in its creation.
United States financial condition worsened by nearly $10 trillion in 2020
Truth in AccountingApril 15, 2021 GMT
Chicago, April 15, 2021 (GLOBE NEWSWIRE) The Financial State of the Union report analyzes the audited financial report of the United States government for the fiscal year ending September 30, 2020. This report is released today by Truth in Accounting (TIA), a think tank that analyzes government financial reporting.
This year’s report found that the U.S. government’s financial condition worsened by nearly $10 trillion in 2020. The United States needs $123 trillion to pay its bills. The majority of this debt can be attributed to $55.1 trillion in Medicare promises and $41.2 trillion in Social Security. These are promises that have been made to our citizens, but the government has not set any money aside to fund them. Other contributing factors include mili ....

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Majority of U.S. Cities Ill-Prepared For COVID-19 Pandemic

Majority of U.S. Cities Ill-Prepared For COVID-19 Pandemic
Majority of U.S. Cities Ill-Prepared For COVID-19 Pandemic
Chicago, Jan. 26, 2021 The 2021 Financial State of the Cities (FSOC) surveys the fiscal health of the 75 largest municipalities in the United States. This data is released today by Truth in Accounting (TIA), a think tank that analyzes government financial reporting. TIA analysts draw their data from the fiscal year 2019 audited Comprehensive Annual Financial Reports on file in city halls across the country, which are not analyzed on this scale by any other organization. The fiscal year 2019 audited Comprehensive Annual Financial Reports show cities financial data prior to the coronavirus pandemic. This new data comes as the federal government is considering additional aid for states and cities. ....

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