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
  • Apple (AAPL) Earnings Report: Q4 2014 Conference Call Transcript -
    ... growth in Latin America and the Middle East, with ... We expect OI&E to be about $325 million, and we expect the tax rate to be about 26.5%. ...
    10/21/2014 - 11:18 am | View Link
  • Travelers Reports Third Quarter Net Income per Diluted Share of ... -
    ... to achieve meaningful rate ... by account or class by class ... one of the company’s real ... tax ($719 million pre-tax ... 077 $ 2,087 ...
    10/21/2014 - 7:11 am | View Link
  • Customers Bancorp Reports Continued Strong Earnings and Organic ... - Yahoo! Finance
    Customers Bancorp Reports Continued Strong Earnings and Organic ... - Minyanville
    10/21/2014 - 6:38 am | View Link
  • Time to raise gas tax? #tellusatoday - USA Today
    ... thought about increasing the federal gas tax. Forget it. The middle class is taxed to ... we finally get a real drop ... increase the gas ...
    10/21/2014 - 6:20 am | View Link
  • Presidents once said 'no' -
    ... of an accident." The real ... of tax cuts, bringing the top marginal income tax rate down ... Working-class families became middle-class when ...
    10/20/2014 - 8:16 am | View Link
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  • Corbett campaign's website gets real
    "We changed the photo to prevent Tom Wolf from using trivial matters like website graphics as a distraction to avoid talking about why he refuses to release any details about his . . . plan to triple the state's income tax ... for the middle class without ...
    10/18/2014 - 12:58 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
  • PA-Gov Round-Up: Will the Real Taxman Please Stand Up?
    he paid a drastically lower income tax rate than average Pennsylvania families. But as a candidate for Governor, he is now engaging in class warfare by suddenly calling for higher taxes on ‘people like me,’ which he defines as middle class families ...
    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
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  • Online Tax Advice
    The Morning Ledger: Multinational Tax Strategies Under Fire Around the Globe. The ground is shifting on international tax law, and firms are racing to make moves ...
    10/21/2014 - 5:47 am | View Website
  • Department of Revenue
    Contact Us. © 2013 State of Colorado
    10/21/2014 - 3:09 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 ...
    10/20/2014 - 4:04 pm | View Website
  • Real Estate News, Mortgage Rates, Buy, Sell or Rent a Home ...
    Latest news and feature reports on real estate, homebuying, houses for sale, mortgage loans and interest rates.
    10/20/2014 - 1:33 pm | View Website
  • Middle class
    History and evolution of the term . The term "middle class" is first attested in James Bradshaw's 1745 pamphlet Scheme to prevent running Irish Wools to France.
    10/19/2014 - 8:51 pm | View Website
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