The Real Middle Class Tax Rate Is Minus 5 Percent

There are a number of ways that you can calculate tax rates: average, marginal, including only direct taxes, adding indirect taxes and so on. But the most complete method is to look at taxes paid and then net off against that benefits received. This gives the true tax and benefit [...]

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    The owner of the Mystic Pizza restaurant made famous in a 1988 movie has pleaded guilty to federal tax charges. More
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    If marijuana is legalized and properly regulated, its proponents have long said, it could generate millions of dollars in state tax revenue. But how the drug should be taxed has proved to be a thorny question. More
  • Senate planning vote on Internet sales tax bill
    The days of tax-free online shopping could finally be numbered. The Senate is planning to vote on a bill as soon as Monday that would give states the authority to collect sales taxes on all Internet purchases, handing local governments as much as $11 billion per year in added revenue that they are legally owed — but that hasn’t been paid to them for years. More
  • Where do more tax cheats live? South and West, IRS study showsWhere do more tax cheats live? South and West, IRS study shows
    Worried the Internal Revenue Service might target you for an audit? You probably should be if you own a small business in one of the wealthy suburbs of Los Angeles. You might also be wary if you're a small-business owner in one of dozens of communities near San Francisco, Houston, Atlanta or the District of Columbia. More
  • Obamas paid $112,000 in taxes in 2012Obamas paid $112,000 in taxes in 2012
    President Obama and first lady Michelle Obama paid more than $112,000 in taxes in 2012, an effective federal income tax rate of more than 18% for 2012, according to the White House. The Obamas and Vice President Biden and his wife released their tax returns Friday, three days before the April 15 tax filing deadline. More
  • ASK IRA: Should Gerald Green as a starter be explored? - South Florida Sun-Sentinel
    ... coming at a four-per-game rate like ... in the name of luxury-tax savings. ... he could leave the middle as exposed ... free-throw issue is ...
    11/28/2015 - 3:50 pm | View Link
  • Trudeau and Crusoe would make great drinking buddies - Mississauga News
    ... behind Trudeau’s manifesto Real Change: A New Plan For a Strong Middle Class,” ... 89,401 will see their income tax rate fall. This tax ...
    11/27/2015 - 3:47 pm | View Link
  • Bank deposits climb sevenfold to Rs9.153trln in last 15 years - The News International
    ... said with the growing middle income class, improving ... Imposition of withholding tax on ... real gross domestic product grew at the average ...
    11/27/2015 - 2:49 pm | View Link
  • The Democrats’ Death Wish: The Disappearing Destiny of the Donkey ... -
    ... then nobody from the Middle East ... nationalists and other real-world ... Of course, to the incumbent class of ... Front of France.  At ...
    11/27/2015 - 11:51 am | View Link
  • Nostalgia is killing the white working class: The story behind the ... - Salon
    ... class, whose death rate has ... slow “growth in real median ... the true economic issues facing the middle class, [Republicans] invent ...
    11/27/2015 - 7:15 am | View Link
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  • Chamber of Commerce, citizen group differ on Worcester property tax rates
    "Middle-class homeowners are feeling the pinch in Worcester due to ... As a result, if Worcester had a single tax rate it would be $24.46, which is $1.02 more than the previous year. Mr. Loosemore said last year’s commercial-industrial tax rate of ...
    11/20/2015 - 9:22 pm | View Link
  • Bernie Sanders: It's time for real change
    Now is the time for bold action to rebuild our disappearing middle class. Now is the time to protect the most ... We pay for that by closing a loophole allowing hedge fund managers to pay a lower tax rate than a truck driver or a nurse.
    11/16/2015 - 1:18 am | View Link
  • The real winners of the new Liberal tax policies
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    10/22/2015 - 5:14 am | View Link
  • Trump: Tax Carried Interest At Same Rate As Income, Hedge Fund, Limited Real Estate People Should Pay More
    Trump was asked, [relevant exchange beings around 2:35] “Hillary Clinton has proposed that we should get rid of that carried interest loophole, and tax carried interest at the same rate as ordinary ... I’m about the middle class. I want the middle ...
    08/25/2015 - 9:00 pm | View Link
  • American Society’s Real Moochers: CEOs
    These are people derided as moochers ... in tax refunds out of the federal government. That’s refunds—the government gave money to highly profitable corporations. That’s an effective tax rate of negative 1 percent. That means middle class taxpayers ...
    12/9/2014 - 12:01 am | View Link
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  • Trudeau's odd middle-class tax break | Financial Post
    Not only will this four per cent additional tax be a disincentive for many talented and capable people in moving to Canada but it will also encourage many Canadians ...
    11/28/2015 - 3:18 pm | View Website
  • American middle class
    The American middle class is a social class in the United States. [1] [2] While the concept is typically ambiguous in popular opinion and common language use, [3 ...
    11/28/2015 - 9:28 am | View Website
  • The Bay Area real estate mania
    122 Responses to “Bay Area million dollar shack madness and the forced migration of the middle class: Bay Area real estate mania inspires crap shack ...
    11/28/2015 - 5:39 am | View Website
  • California’s disappearing middle class: Is the California ...
    There once was a time that California provided ample opportunity for middle class families. While this might be the case in some small areas, the statistics show us ...
    11/27/2015 - 8:35 pm | View Website
    Help for Middle-Class & Seniors • A 20% property tax relief credit on the first $10,000 in property taxes for homeowners with incomes up to $250,000
    11/27/2015 - 2:37 pm | View Website
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