Latest news with #AbrahamLincoln
Yahoo
7 hours ago
- Business
- Yahoo
Kansas' surge in individual income tax collections exceeds May projection by 85%
The Kansas Department of Revenue reported the state received an unexpected burst in individual income tax collections that exceeded expectations for May by $144 million or 85.1%. The image is of a statue honoring President Abraham Lincoln that sits on the south side of the Kansas Capitol. (Sherman Smith/Kansas Reflector) TOPEKA — A surprise outpouring of individual income tax receipts in May drove overall Kansas revenue collections $158 million above the monthly projection. The Kansas Department of Revenue received $657 million during the month, which was 31.7% above the estimate for May. 'Surpassing estimates this month is a positive indicator, but we remain diligent and focused on maintaining long-term financial health,' said Gov. Laura Kelly. The revenue department said individual income tax collections in May totaled $314 million. That was $144 million or 85.1% above the estimate for the month and a 3.1% increase over May 2024. In terms of corporate income taxes, the state took in $29.2 million — a figure $840,880 or 2.8% below the estimate for May. It represented a decrease of 26.8% from May 2024. Combined retail sales and compensating use tax receipts in May were $282 million. The total surpassed the projection by $11.1 million or 4.1% and was consistent with the total in May 2024. House Speaker Dan Hawkins, a Wichita Republican seeking the GOP nomination for state insurance commissioner in 2026, said the 2024 Legislature was justified in passing a substantial tax reform bill signed into law by the Democratic governor. The bill offered an estimated $1.2 billion in tax relief over a three-year period. 'When we put money back in taxpayers' pockets, not big government, Kansas families and communities thrive,' Hawkins said. The 2024 law negotiated by Kelly, Hawkins and Senate President Ty Masterson established a two-bracket system for calculating personal income taxes. For married individuals filing jointly, taxable income up to $46,000 would be taxed at 5.2%, while taxable income above $46,001 would be taxed at 5.58%. Kansas' previous three-bracket system pegged rates at 3.1%, 5.2% and 5.7% depending on income. Under the 2024 legislation, the personal exemption and standard deduction on state income taxes were raised and the state income tax on Social Security benefits was abolished. 'These latest revenue numbers clearly show that passing the comprehensive tax relief package last year was hands down the right move,' Hawkins said. 'Kansas is in a strong position as long as we stay focused on smart, conservative leadership.'
New York Post
a day ago
- Entertainment
- New York Post
We can learn a lot from our presidents — even the ones you don't like
Commanding personalities As summer approaches, don't forget your history. Here's a presidential lesson or two. John Quincy Adams — despite his great last name — was fierce, haughty, unforgiving. Also cold, austere. Swam naked every morning in the Potomac. Nice. Would make Putin look like a Hallmark valentine. Cuddly Andrew Jackson. 'Old Hickory' resolved differences with fists and a sword. Think Nancy Pelosi in long drawers. Advertisement Martin Van Buren. Smooth talker, perfumed dandy, loved making speeches. 1837 William Henry Harrison about whom even Mrs. Harrison couldn't remember. James Polk. Democrat. In his early days, palled around with Francis Scott Key, 'The Star-Spangled Banner' author. Wherever they are now they're toasting Taylor Swift. Advertisement 1841, VP John Tyler suddenly becomes president. Mild-mannered. Constituents fretted he's incapable of running the country. During his tenure 618 banks closed. One term only. He has since reappeared in the persona of Hunter Biden's daddy. Zachary Taylor. Helped establish the Panama Canal which now we're trying to schlep back from Panama. Millard Fillmore. Nothing about him that worked except that he finally got out of office. I mean where are you going with the name Millard? Advertisement James Buchanan. His book was titled 'Mr. Buchanan's Administration on the Eve of Rebellion.' Only dogs pored over it. Abraham Lincoln. Nine thousand movies made about him. Now the subject of the about-to-win-a-Tony 'Oh, Mary!' Everybody's played him but Dolly Parton. Andrew Johnson had a tailor shop. So did my grandfather. Johnson became president. My grampa not. Ulysses S. Grant's political knowledge — small. Booze intake — LARGE. Had he exhaled the Rockies would've been pebbles. Advertisement James Garfield. Republican. July '81 shot by a crazed disappointed office-seeker. Chester Arthur. Told, 'drop the nomination as you would a red-hot shoe from the forge.' His run for the nomination halfhearted. Grover Cleveland. Ran amok. Fathered an illegitimate child. Opposition slogan was: 'Ma, ma, where's my pa?' William McKinley. Shot in the abdomen by an anarchist in Buffalo. Theodore Roosevelt. Republican. Larger-than-life leader who faced obstacles head-on. Said was: 'He's not an American. He is America.' 1909-1913 the 27th president was William Howard Taft. Republican. He called the White House 'the loneliest place in the world.' Advertisement Be it known that Abraham Lincoln once said: 'A woman is the only thing I am afraid of that I know will not hurt me.' Yeah? Well, somewhere he should see B'way's 'Oh, Mary!' get its Tony. Only in America, kids, only in America.
Forbes
a day ago
- General
- Forbes
The Second Most Important Thing A Writer Must Do
College student, asian man and studying on laptop at campus, research and education test, exam books ... More and course project. Happy Japanese university student, knowledge and learning online technology Let's get the remarkable grasp of the obvious out of the way. The most important thing a writer must do is generate content. Runing a close second, though, is one of the most overlooked or taken-for-granted functions in all of communications: Revision. Other than the Ten Commandments – all 70 simple words – hardly a document has ever been written that either needed revision or already got it. Thomas Jefferson's draft of the Declaration of Independence went through a round of revision, mostly with Benjamin Franklin and John Adams. Abraham Lincoln was busy revising his Gettysburg Address on the train ride from Washington, DC, only an hour or so before delivering his speech. JFK was revising his inaugural address in the limo on the way to the ceremony. Mark Twain was a stickler for revision: 'It usually takes me three weeks to write a good impromptu speech.' And if those four masters of the word needed to revise their works, so do you and I. Full stop. Here, then, are some of the major considerations for good revising that will help your writing become more clear, informative, persuasive, interesting, and lively – whatever your purpose is. There's an old saying among writers: 'Whatever you write is your baby. You have to learn to kill your babies.' No one is certain who first said it, but it most often gets attributed to William Faulkner. Generally, there are five steps in the writing process: prewriting (organization of thought, amassing data or other sources), drafting, revising, editing and proofreading, publishing or presenting. Know where you are and the purpose of each. For instance, editing and revising are two different things. The prefix – re – means again or over, and the root – vision – comes from the Latin – visus – to see. Revision means to see again. The document. What's your purpose and focus? Who's your audience? How will you structure and organize this? The paragraph. Paragraphs must have relevance (support the main idea), unity (among all sentences), and coherence (logical connection between preceding and following paragraphs). The sentence. Vary sentence lengths and beginnings. Run-on sentences are almost always sloppy. Incomplete sentences are usually disjointed, unless style matters and you really know what you're doing. The word(s) Write like you talk. Don't try to be someone else. Natural is best – and it shows. Use strong verbs, vivid adjectives, and specific nouns. Avoid unnecessary words or phrases, such as qualifiers (very, quite, somewhat), or empty phrases (as I said before, needless to say). Your first draft is never your final. But don't go directly from writing to revising. Put it away for a while, read it out loud, have a trusted colleague look it over. It's striking how new and different your document can be.
Economic Times
a day ago
- Business
- Economic Times
That Lincoln penny in your drawer might be worth $100,000 if it has this rare mint error on the back
A rare 2001-D Lincoln cent mule error coin, featuring a Roosevelt dime reverse, has garnered significant attention among collectors. These coins, mistakenly produced at the Denver Mint, have fetched impressive prices at auction, with some selling for over $100,000. Due to their extreme rarity, even those in poor condition can command substantial sums. Tired of too many ads? Remove Ads The Rare 2001-D Mule Error Explained Auction Sales of the 2001-D Lincoln Cent Mule Error Tired of too many ads? Remove Ads PCGS MS66RD: sold for $114,000 on June 17, 2021 PCGS MS65RD: sold for $78,000 on Feb. 24, 2022 PCGS MS65RD: sold for $66,000 on Aug. 24, 2022 PCGS MS66RD: sold for $114,000 on Jan. 11, 2024 FAQs There's a penny out there that looks ordinary at first, until you flip it over, known as the 2001-D Lincoln cent mule error coin, and it is so rare that it was twice sold at auction for over $100,000, as per a to a GoBankingRates report, this mistakenly produced coin was struck at the Denver Mint and has Abraham Lincoln's face on the front, like any other penny, but the reverse side is where things get unusual: instead of the Lincoln Memorial, it has the back of a Roosevelt dime, as per the wrote that, 'The 2001-D Lincoln cent mule falls in the category of Mint errors that conceivably could have been produced by mistake and released unnoticed into circulation,' as per READ: Are you falling behind? The age-by-age breakdown of how much Americans should have saved for retirement by now However, these error coins are highly prized by collectors and often get very high prices in auctions, as per the report. One of the few 2001-D Lincoln cent mule coins was sold at an auction via Heritage Auctions last year for six figures, and it is the fourth such coin to sell at auction, reported CoinWeek. While Heritage Auctions has previously sold the other three at high prices, as per the wrote, "When you include the four mentioned above, the total might not reach double figures. Because they're so hard to find, even those in poor condition can fetch up to $20,000."It's a rare US penny that mistakenly has a Roosevelt dime's reverse side instead of the Lincoln it's an extremely rare mint error. Only a few are known to exist, making it highly desirable among collectors.
Time of India
a day ago
- Business
- Time of India
That Lincoln penny in your drawer might be worth $100,000 if it has this rare mint error on the back
A rare 2001-D Lincoln cent mule error coin, featuring a Roosevelt dime reverse, has garnered significant attention among collectors. These coins, mistakenly produced at the Denver Mint, have fetched impressive prices at auction, with some selling for over $100,000. Due to their extreme rarity, even those in poor condition can command substantial sums. Tired of too many ads? Remove Ads The Rare 2001-D Mule Error Explained Auction Sales of the 2001-D Lincoln Cent Mule Error Tired of too many ads? Remove Ads PCGS MS66RD: sold for $114,000 on June 17, 2021 PCGS MS65RD: sold for $78,000 on Feb. 24, 2022 PCGS MS65RD: sold for $66,000 on Aug. 24, 2022 PCGS MS66RD: sold for $114,000 on Jan. 11, 2024 FAQs There's a penny out there that looks ordinary at first, until you flip it over, known as the 2001-D Lincoln cent mule error coin, and it is so rare that it was twice sold at auction for over $100,000, as per a to a GoBankingRates report, this mistakenly produced coin was struck at the Denver Mint and has Abraham Lincoln's face on the front, like any other penny, but the reverse side is where things get unusual: instead of the Lincoln Memorial, it has the back of a Roosevelt dime, as per the wrote that, 'The 2001-D Lincoln cent mule falls in the category of Mint errors that conceivably could have been produced by mistake and released unnoticed into circulation,' as per READ: Are you falling behind? The age-by-age breakdown of how much Americans should have saved for retirement by now However, these error coins are highly prized by collectors and often get very high prices in auctions, as per the report. One of the few 2001-D Lincoln cent mule coins was sold at an auction via Heritage Auctions last year for six figures, and it is the fourth such coin to sell at auction, reported CoinWeek. While Heritage Auctions has previously sold the other three at high prices, as per the wrote, "When you include the four mentioned above, the total might not reach double figures. Because they're so hard to find, even those in poor condition can fetch up to $20,000."It's a rare US penny that mistakenly has a Roosevelt dime's reverse side instead of the Lincoln it's an extremely rare mint error. Only a few are known to exist, making it highly desirable among collectors.
