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The Revenue Demands of Public Employee Pension Promises
National Bureau of Economic Research [NBER], purchase required 
Oct. 29, 2012 "Without policy changes, contributions would have to increase by 2.5 times, reaching 14.1% of the total own-revenue generated by state and local governments. This represents a tax increase of $1,385 per household per year, around half of which goes to pay down legacy liabilities while half funds the cost of new promises." MORE >> |
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