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   
  • 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
  • Gary Johnson Responds to Evan McMullin’s He’s-Not-a-Real-Libertarian Critique: ‘I’ve Been the Nominee of the Libertarian Party Two Cycles!”
    ... has the highest corporate tax rate – 35 percent – of any advanced economy. Even Barack Obama has said that it should be substantially lower. Income tax rates also need to come down, especially for the middle-class; once the economy starts growing ...
    10/25/2016 - 10:46 am | View Link
  • Donald Trump's real estate tax losses in focus
    Trump would slash the top corporate tax rate from 35 percent to 15 percent. Trump's plan benefits corporations, the rich, upper-middle-class families, the middle class writ large and the poor, in roughly that declining order. "My carried interest ...
    10/17/2016 - 4:26 pm | View Link
  • Hillary Clinton proposes closing real estate loophole, not Donald Trump
    As a "down payment on further relief for middle-class families", US Democratic presidential candidate ... such effective poverty-fighting tools. The tax rate has barely changed since tax reform was passed 30 years ago in 1986. However, the analysts said ...
    10/15/2016 - 4:12 am | View Link
  • Other views: Trumping real estate taxes
    It is even better reason to question a tax code that can allow billionaires to pay less ... yuuuuuge. This is in contrast to middle-class Americans who have few options for avoiding taxes. Even the mortgage interest deduction has limits.
    10/12/2016 - 3:33 pm | View Link
  • Clinton to raise taxes for wealthy and close real estate loophole
    ... nominee Donald Trump have tangled over whose tax plan provides more benefits for the middle class. Ms. Clinton hasn't proposed an income-tax rate cut for the middle-class, but she has proposed benefit programs and tax breaks that would help such ...
    10/12/2016 - 3:36 am | View Link
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  • Fact Sheet: Taxing Wealthy Americans – Americans for Tax ...
    Fact Sheet: Taxing Wealthy Americans. Key Facts. ... Report: Quarter of Millionaires Pay Lower Tax Rate than some in Middle Class, The Washington Post;
    10/21/2016 - 6:58 am | View Website
  • Middle class tax cut
    Middle class tax cut. ... We will give middle class Canadians a tax ... $44,700 and $89,401 will see their income tax rate fall. This tax relief is worth up to ...
    10/20/2016 - 5:07 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 ...
    10/18/2016 - 11:15 pm | View Website
  • A New Plan for a Strong Middle Class
    offers real help to Canada’s middle class and all those ... We will give middle class Canadians a tax ... $44,700 and $89,401 will see their income tax rate ...
    10/18/2016 - 10:36 am | View Website
  • 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.
    10/17/2016 - 9:00 pm | View Website
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