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Wall Street Bonuses Fall 44%

State may lose $1B in tax revenue

By Ambreen Ali, Newser User

Posted Jan 28, 2009 4:58 PM CST

(Newser) – Wall Street firms still dished out end-of-year bonuses in 2008, but they were a lot smaller. Cash bonuses fell 44% from the year prior, from a total of $33 billion to $18 billion, Reuters reports. That drop may take $1 billion in tax revenue from... Read full story »

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Wall Street Bonuses Fall 44%

State may lose $1B in tax revenue

Wall Street • New York City • unemployment • bonuses • budget deficit • tax revenue • employee • financial crisis • state budgets

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More Newser Stories

Hey, Wall Street: Shut Up About Bonuses

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Ariz., Fla., Ill., Mich., and NJ among others facing crises

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