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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Topics:  middle class   tax rate   taxes   
  • 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
  • Tough lessons for Rahm - Chicago Reporter
    2010 was a real-estate plan ... ones in an effort to keep middle-class families in the ... For example, tax increment ... The five-year ...
    11/20/2014 - 3:57 pm | View Link
  • Monthly Shareholder Report - London Stock Exchange
    NASDAQ Dubai - USD Class ... and salaries increased 3% (annual rate) in the middle two ... Real GDP fell -7.1% q/q in the ... Tax treatment ...
    11/20/2014 - 2:09 pm | View Link
  • We can't settle for gradual economic decline - Barrie Examiner
    ... within the same tax bracket ... give all Canadians a real and ... education attainment rate to ... components for the prosperity of our ...
    11/20/2014 - 8:50 am | View Link
  • Tuition Showdown - National Review
    Even in that tax bracket, she apparently ... What about the middle class? The fact is that free markets do an excellent job providing first-rate ...
    11/20/2014 - 4:14 am | View Link
  • Australia’s housing bubble fuels a social disaster - World Socialist Web Site
    ... risk lending for real estate ... that investor and housing tax ... middle class area in the city’s mid-east, for example, has an ...
    11/19/2014 - 12:44 pm | View Link
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  • Harper boosts monthly child benefit, unveils income splitting plan
    Prime Minister Stephen Harper unveiled $4.6-billion-a-year in new tax cuts for Canadian families with measures to allow income splitting, as well as an expansion of the Universal Child Care Benefit that delivers monthly cheques to families
    10/30/2014 - 4:01 pm | View Link
  • Board of Freeholders
    2 seats/3 years
    10/30/2014 - 1:45 pm | View Link
  • DuPont Fabros Technology, Inc. Reports Third Quarter 2014 Results
    WASHINGTON, Oct. 30, 2014 /PRNewswire/ -- DuPont Fabros Technology, Inc. (NYSE: DFT) is reporting results for the quarter ended September 30, 2014.  All per share results are reported on a fully diluted ...
    10/30/2014 - 7:00 am | View Link
  • Obama Soaks the Rich, Drowns the Middle Class
    Although the Obama administration argues otherwise, these tax hikes were not minor. The tax rate on capital gains for high-income earners shot up to 23.8%—20% plus the 3.8% ObamaCare investment surtax.
    10/28/2014 - 7:01 pm | View Link
  • Another death knell for the middle class
    The American middle class is poorer than anytime since the 1940s, thanks to rising inequality
    10/22/2014 - 3:14 pm | View Link
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  • 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
  • PA-Gov Round-Up: Will the Real Taxman Please Stand Up?
    They are how the state gets it revenue, the tax structure and rates ... as a scheme to raise taxes on middle-class Pennsylvanians. In fact, they are even launching what they’re calling the “Millionaire Secretary Tom Wolf Hypocrisy Tour.”
    08/15/2014 - 8:29 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 advocated ... He's said a fight over the tax rate for top earners can come afterward. "I actually do believe we ...
    12/2/2012 - 6:20 am | View Link
  • 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 ...
    07/15/2012 - 2:18 am | View Link
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    I found a site with all the details on Mitt Romney's $5 trillion tax plan. It's as simple as clicking a button.
    11/25/2014 - 4:58 pm | View Website
  • Department of Revenue
    Make an EFT Payment; Respond to Inquiry Letter; How do I send a Secure Message through Revenue Online? Direct Deposit Information; Looking for updated Sales Tax Rates?
    11/25/2014 - 2:14 pm | View Website
  • 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.
    11/25/2014 - 1:52 pm | View Website
  • 7 Things the Middle Class Can No Longer Afford | The ...
    The middle class has been hit hard economically over the past several years and their disposable income is shrinking. As a result, there are some things the middle ...
    11/25/2014 - 4:41 am | 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.
    11/25/2014 - 12:52 am | View Website
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