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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  • On Marijuana Tax, Colorado Asks: What’s Too High?
    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
  • Sliced bagel tax? Travelers, beware America's strangest taxes
    Although taxes are one of life’s certainties, they can still surprise you. Consider the iconic New York bagel: decide to have yours toasted, and it’ll come with a tax. The rationale is that sliced bagels are usually consumed on a café or store’s premises—and restaurant meals are taxed, whereas groceries (like a dozen unsliced bagels) are not. More
  • Obama wraps 2014: Cuba, North Korea and Congress - CNN
    ... international trade and tax ... the 1990s" and pointing to rising middle class wages ... America's resurgence is real. ... bank raised its ...
    12/19/2014 - 3:34 pm | View Link
  • Fixed Fortunes: Biggest US Corporate Political Interests Spend ... - Global Research
    ... finance, insurance and real ... The average effective tax rate of those companies was 17.7 ... middle class income and net worth of the ...
    12/19/2014 - 2:41 pm | View Link
  • Obama: Sony 'made a mistake' - KITV 4
    Obama: Sony 'made a mistake' - WLWT
    12/19/2014 - 2:22 pm | View Link
  • » Nationwide Rents and Coastal Property Values... - MortgageNewsDaily
    ... extend over 50 expiring tax ... from October 2014. Class-A ... property data for real estate ... its name to Rate Reset ... term rates ...
    12/19/2014 - 11:14 am | View Link
  • Malaysia's squeezed middle - Asiaone
    ... year, which puts her at the upper end of the middle class. ... "The take-up rate for PRS is ... speculation by introducing real property ...
    12/19/2014 - 8:37 am | View Link
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  • American Society’s Real Moochers: CEOs
    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 helped cover the cost of million-dollar pay packages for CEOs. Middle class taxpayers ...
    12/9/2014 - 12:01 am | View Link
  • Will the real middle class please stand up?
    The South African middle class has been defined fairly broadly as those living in households with after-tax monthly incomes of between R5 ... transformation or should we be concerned about the rate of change? One part of the answer is to compare South ...
    09/22/2014 - 4:45 am | View Link
  • Secondary Sources: Bond Bubble, Middle Class and Taxes, Ukraine
    Middle Class and Taxes: Len Burman suggests ways for the tax system ... Thus, if prices rise by 3 percent, the standard deduction, personal exemptions, tax rate thresholds, and certain other parameters also go up by 3 percent. My alternative would adjust ...
    03/14/2014 - 10:47 am | View Link
  • Tom Cole: Freeze middle class tax rates, but White House ‘fiscal cliff’ pitch not ‘a real proposal’
    (Sarah Phipps/AP) Cole said that House Republicans should agree to freeze tax rates on middle class Americans as Democrats have ... Sean Sullivan has covered national politics for The Washington Post since 2012.
    12/2/2012 - 6:20 am | View Link
  • The Real Middle Class Tax Burden
    and especially the property tax. According to a study done by the Maine Revenue Services (MRS), the effective rate for all state and local taxes paid by the middle 20 percent of families is 12 cents on the dollar, and the bottom 20 percent of families pay ...
    07/25/2012 - 3:00 am | View Link
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  • Tax Foundation
    Nonpartisan tax research group, educating taxpayers about sound tax policy and the size of the tax burden borne by Americans at all levels of government. Founded in 1937.
    12/19/2014 - 7:15 pm | View Website
  • Movoto Real Estate
    Our Movoto Certified Real Estate Agents are experts in their local markets and close at least 10 deals a year.
    12/19/2014 - 4:59 pm | View Website
  • The Middle Class Is Steadily Eroding. Just Ask the ...
    The post-recession reality is that the customer base for businesses that appeal to the middle class is shrinking as the top tier pulls even further away.
    12/19/2014 - 1:09 pm | View Website
  • Credit & Debt
    7 ways you're using your credit card wrong. When used properly, credit can be a powerful tool to build up your finances. Here are a few ways you may be using plastic ...
    12/19/2014 - 6:57 am | View Website
  • Maryland State Department of Assessments and Taxation
    Welcome to our website. In Maryland the valuation of all real and personal property for purposes of property taxation is a function of State government.
    12/19/2014 - 4:56 am | View Website
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