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 [...]
Search for The Real Middle Class Tax Rate Is Minus 5 Percent on Bing
Tim Worstall, Forbes
Sun, 07/15/2012 - 6:17am
Topics: middle class tax rate taxes
RELATED ARTICLES
- 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 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 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
BING NEWS:
- Argentine households struggle as markets cheer Javier Milei
Argentina’s new libertarian president Javier Milei has celebrated a glut of economic victories since taking office in December. Dollar-denominated sovereign bond prices have nearly doubled; the peso’s ...
04/25/2024 - 11:00 pm | View Link - A $100,000 salary no longer buys you a middle-class lifestyle. Here’s why it costs so much more now.
We’re definitely not doing what you would think somebody with our income could do with the money,” one six-figure earner said.
04/25/2024 - 10:26 pm | View Link - Biden calls for middle-class tax hike
Biden said he would let the Tax Cuts and Jobs Act expire and stay expired. This would be a massive middle-class tax hike.
04/25/2024 - 6:19 am | View Link - What is changing about Canada's capital gains tax and how does it impact me?
The federal government's proposed change to capital gains taxation is expected to increase taxes on investments and mainly affect wealthy Canadians and businesses. Here's what you need to know about ...
04/24/2024 - 9:06 am | View Link - Where are “missing middle” renters for 182 empty units in San Francisco?
While San Francisco has put a priority on developing homes for the “missing middle” — 84 percent of such available apartments stand empty.
04/24/2024 - 5:34 am | View Link - More
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
MoviesWithButter : Our Sister Site
- "Expendables 4" Starts Shooting This Fall, Says Randy Couture at the Arnold Sports Festival more
- “Expendables 4” Gets Funding Interest from “Ip Man 3” Financier more
- "Ip Man 3" Distributor Suspected of Box Office Fraud, Parent Company Loses $200M in Market Cap more
- Yen Targets "Ip Man 4" for 2018 Release; Discusses Film with Director, Producer more
- "Ip Man 3" Shatters Expectations with $72M Opening [China Box Office] more