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
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    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
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    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
  • Pressure builds on government to abandon Newstart cuts - Brisbane Times
    Pressure builds on Turnbull government to abandon Newstart cuts - Sydney Morning Herald
    08/27/2016 - 10:20 am | View Link
  • The High Cost of American Hubris - Consortium News
    American ruling class, by ... terrorist threat from Middle ... the true unemployment  rate ... located on prime real estate ... have ...
    08/26/2016 - 11:01 am | View Link
  • How Central Banks Are Bleeding the Middle Class Dry -
    ... suffering from negative real ... “savings account tax to overcome crises,” is currently hitting the middle class ... Negative Interest ...
    08/25/2016 - 12:13 pm | View Link
  • A transcript of Jill Stein’s meeting with The Washington Post ... - Washington Post
    ... be opened up and made real and ... came down — so at any rate I think ... minds of people in the Middle East. ... you go to, say, a ...
    08/25/2016 - 8:28 am | View Link
  • Where is the U. S. economy headed? - Virginia Business
    IREM (Institute of Real Estate ... economy’s annual growth rate ... is a drop in payroll tax receipts ... The middle class is angry, he ...
    08/25/2016 - 6:54 am | View Link
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  • How the Trump and Clinton tax plans would affect Americans
    CLINTON: Says she will not raise taxes on the middle class. Her current proposals would have little impact on the bottom 95 percent of taxpayers, according to the Tax Policy Center. CORPORATE TAX RATE TRUMP: Would cut the corporate rate from its current 35 ...
    08/15/2016 - 9:00 pm | View Link
  • How Donald Trump's small business tax cut would leave real small businesses out in the cold
    "It would allow him to pay less than half the current tax rate on income for many of his companies," Clinton said. "He would pay a lower rate than millions of middle-class families." What exactly is she talking about? It's all about the way the feds tax ...
    08/11/2016 - 9:00 pm | View Link
  • Real 'middle class tax cut' would lower rate in first income bracket — not second, NDP argue
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    12/7/2015 - 7:19 am | View Link
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    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 - 1:00 pm | View Link
  • GOP’s economic theories and real-world realities
    With a typical family’s savings estimated at $700 to $1,000 a year from cheaper gas alone, the price drop is akin to a significant middle-class tax cut ... as individual income and cut the top income-tax rate by 25 percent, with the goal of making ...
    01/20/2015 - 12:19 pm | View Link
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  • The fiscal cliff deal: A tax hike for the real middle ...
    ... raised marginal income tax rates for individuals making more ... the deal must be one that really does favor the middle class — the real middle ... Best of MSNBC.
    08/24/2016 - 2:33 pm | View Website
  • THE REAL-WORLD MIDDLE CLASS TAX RATE: 75% >> Four Winds 10 ...
    THE REAL-WORLD MIDDLE CLASS TAX RATE: ... but all the caveats and quibbles don't change the basic fact that real-world tax rate for the "middle class" earning more ...
    08/10/2016 - 6:50 am | View Website
  • Guest Post: The Real-World Middle Class Tax Rate: 75% ...
    ... the real-world middle class tax burden in high-tax locales is 15% + 25% + 5% + 15% + 15% = 75%. Yes, 75%. ... The Real-World Middle Class Tax Rate: 75%.
    07/11/2016 - 12:40 pm | View Website
  • Middle class gets income tax cut in NY state budget deal ...
    Home & Real Estate News; ... Middle class gets income tax cut in NY state budget deal. ... they will be the state's lowest middle class tax rates in more than 70 years.
    03/31/2016 - 5:05 pm | View Website
  • Kudlow: Why the middle class is angry
    ... Real middle-class wages are still flat-lining. ... Slash the corporate tax rate to 15 percent for large C-corps ... For more insight from CNBC ...
    02/26/2016 - 6:22 am | View Website
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