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   
  • 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
  • Eaton (ETN) Earnings Report: Q3 2014 Conference Call Transcript -
    Strength in the Middle East. ... But the real story to ... for the NAFTA heavy duty class 8 ... about earlier, that we do expect that our tax ...
    10/30/2014 - 2:33 pm | View Link
  • Boston Properties (BXP) Earnings Report: Q3 2014 Conference Call ... -
    ... they are predicting the rate of GDP ... But the real thing is that American ... us, such as providing tax protection ... full commencement ...
    10/30/2014 - 2:33 pm | View Link
  • Brain Cancer Cases Shot Up In this Florida Town—Is a Defense ... - The Nation
    ... and fatigue in the middle of ... also noted that the rate was ... cases, and two class-action suits over the loss of real ... of dollars in ...
    10/30/2014 - 1:52 pm | View Link
  • Taxes Are A Monetary Instrument -
    Taxes Are A Monetary Instrument - Atlanta Journal And Constitution
    10/30/2014 - 1:47 pm | View Link
    ... into a world-class, services ... a single interface for real ... a $13,709 pre-tax gain from ... in the Europe, Middle East ... 2, which ...
    10/30/2014 - 1:36 pm | View Link
  • More
  • 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
  • More
  • Income gap a real concern
    Many big retail chains say stagnant and reduced earnings for the middle class put their stores' bottom lines at risk ... according to the report. And the rate is soaring, with all income growth between 2009 and 2011 going to the wealthiest 1 percent.
    10/27/2014 - 6:36 pm | View Link
  • 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 ...
    10/17/2014 - 10:08 pm | 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
  • More
  • Department of Revenue
    Contact Us. © 2013 State of Colorado
    10/30/2014 - 11:13 am | 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.
    10/30/2014 - 4:32 am | View Website
  • Real Estate Blog Ideas » Helping you find stuff to blog about
    INMAN . Who’s investing in real estate tech, and where; Listing search provider adds school ratings to property pages; Why buyer letters are risky business
    10/29/2014 - 8:03 pm | View Website
  • 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 ...
    10/29/2014 - 5:12 pm | View Website
  • Movoto Real Estate
    Movoto Real Estate - Find homes for sale and top local real estate agents, MLS listings, school information, market statistics & trends, mortgage rates and open house.
    10/29/2014 - 5:04 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