There are New York State Dormitory Authority Personal Income Tax (PIT) revenue bonds.

FORBES: Praying For A Black Swan

The independent fiscal authority would then be given discretion to increase or reduce income-tax rates across the board within a narrow band of, say, a percentage point either side of existing rates.

ECONOMIST: Fiscal flexibility | The

Mr Putin had plenty on his plate already: his government is trying to push a radical income-tax reform through parliament, decide on an economic policy and restore central authority over Russia's 89 regions and republics.

ECONOMIST: Putin versus the oligarchs?