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 [...]

Sections:  news   business   
Topics:  middle class   tax rate   taxes   
  • Owner of Mystic Pizza pleads guilty to tax charges
    The owner of the Mystic Pizza restaurant made famous in a 1988 movie has pleaded guilty to federal tax charges. More
  • 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
  • 20 Questions: Paul Lefebvre, Sudbury candidate - Sudbury Star
    I grew up in a modest, middle-class home in Kapuskasing. ... will not raise the small business corporate tax rate. ... care system, and make a ...
    10/7/2015 - 2:08 pm | View Link
  • CNBC Transcript: Republican Presidential Candidate Dr. Ben Carson ... - CNBC
    10/7/2015 - 1:48 pm | View Link
  • Robert Reich on Why Capitalism Needs Saving - Rolling Stone
    The real issue isn't ... who are going to want a middle-class tax cut even if it means huge tax reductions for ... the assumptions about the rate ...
    10/7/2015 - 1:46 pm | View Link
  • Meet Bernie Sanders: Where the Black Voter Fits Into His Ambitious ... - Huffington Post
    ... who want more tax breaks for ... If you add those people, the real unemployment rate in ... who was a middle class Black woman, had been a ...
    10/7/2015 - 12:03 pm | View Link
  • "President Quirino and his Golden Orinola" - Asian Journal
    His sudden death in a plane crash during the middle of his term and at ... htm 372.SHARING: "Cake supplier in Makati slapped with tax evasion case
    10/7/2015 - 9:50 am | View Link
  • More
  • A real nation would not let this happen
    We care more about postal service, child care and tax credits for the suburban middle class than we do Aboriginal issues ... then 1,425 Aboriginal kids dropped out of school, a rate three times the national average. Since the campaign began, 45 Aboriginal ...
    10/2/2015 - 1:13 pm | View Link
  • Clinton calls for repeal of health care law's 'Cadillac tax'
    NEW YORK-- Hillary Rodham Clinton is calling for the repeal of part of President Barack Obama's health care law, the so-called "Cadillac tax" on health insurance ... particularly for middle-class Americans. "I have proposed new reforms to build on the ...
    09/29/2015 - 12:14 pm | View Link
  • Real help for working families in real danger
    Low-income and middle-class people spend most of what they have where they live. The Child Tax Credit is structured in a similar ... According to the U.S. census, Montana had a poverty rate of 15.4 percent in 2014. That translates into 153,954 Montanans ...
    09/29/2015 - 3:20 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
  • The Real Middle-Class Squeeze
    The personal savings rate dropped from ... inhibits what we can do for the middle class. Government -- aka, politicians -- can address some middle-class wants by redistributing income from the rich through tax breaks and subsidies. But this approach ...
    02/22/2015 - 7:00 pm | View Link
  • More
  • How does an America with no middle class look like? Bureau ...
    How does an America with no middle class look like? Bureau of Labor and Statistics projects top two jobs for the next decade will pay roughly $20,000 a year.
    10/7/2015 - 5:53 am | View Website
  • Middle-class squeeze
    Causes include factors related to income as well as costs. For the U.S., on the income side, middle class wages have stagnated (in "real" terms, meaning adjusted for ...
    10/7/2015 - 5:46 am | View Website
  • American middle class
    The American middle class is a social class in the United States. While the concept is typically ambiguous in popular opinion and common language use, contemporary ...
    10/6/2015 - 6:54 pm | View Website
  • Is the middle class dream an illusion for Californians ...
    144 Responses to “Is the middle class dream an illusion for Californians? What we can learn from domestic and foreign migration patterns.”
    10/6/2015 - 1:54 pm | View Website
  • - What is a Middle Class Income? Middle Class Family ...
    Tweet; Email; Tweet; Email; We hear a great deal about the middle class. The middle class is the backbone of our economy. The middle class is hit the ...
    10/5/2015 - 3:28 pm | View Website
  • More

Comment On This Story

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News