Watch The Virus Checks Become Permanent Income
BY JOHN RUBINO Two things about the coronavirus relief checks the government will soon start sending out: First, it looks like they’ll take a while to arrive: Show Me The Relief … Read more
income
News on Covid19 checks: Income cap for getting a full $1200 check (new #) is $75k. Scales down until you hit $95k. Then nothing.
Trish Turner Verified account @caphilltrish News on Covid19 checks: Income cap for getting a full $1200 check (new #) is $75k. Scales down until you hit $95k. Then nothing. It … Read more
Income Inequality Around the World: How Much do You Need to Earn to Join the Top 1%?
by howmuch You’re not wrong to be curious about income inequality. Politicians on both sides talk about it all the time, and the media is obsessed with stories about the … Read more
These high-income taxpayers are getting a visit from the IRS
Non-filing taxpayers with income exceeding $100,000 in a given year can expect a knock on the door from the IRS starting this month. Thus far, the agency anticipates making about … Read more
Where to Get Income in a Low-Yield World
by Shaun Richards So far in 2020, the yield on the 10-year Treasury has averaged an anemic 0.01 percent when adjusted for inflation. Since the end of January, it’s actually … Read more
ECONOMIC WOES: 1 In 4 Renters Spending Over Half Their Income On Housing
by Mac Slavo of SHTFplan Rents are becoming unaffordable for many Americans, even those in the middle class. Because the cost of buying property, maintaining it, and covering property taxes has jumped, so … Read more
The 16th Amendment: How the U.S. Federal Income Tax Became D.C.’s Favorite Political Weapon
by Sam Jacobs The American Revolution was sparked in part by unjust taxation. After all, the colonists in Boston rebelled against Britain for imposing “taxation without representation,” and summarily tossed English tea into … Read more
“In Aggregate,” Consumers Are Doing Pretty Good, But America’s Vast Income Disparity Skew the Data
Consumers that added $1.3 trillion to their savings last year are not the ones who owe $1 trillion on their credit cards. By Wolf Richter for WOLF STREET. This phrase, “consumers in aggregate,” is … Read more
Tesla’s Revenues +2%, Auto Revenue +0.7%. Net Income Plunges 25%. Without “Regulatory Credits,” it Would Have Lost $28 Million. Annual Loss Hits $862 Million. Shares Spike 12%
OK, let’s look at the Tesla magic briefly. By Wolf Richter for WOLF STREET. Tesla’s profit was all about Tesla’s pollution credits, or “regulatory credits,” as it calls them. These are tax credits … Read more
IRS Free File if your income is $69,000 or below.
by rnelsonee IRS Free File if your income is $69,000 or below. For reviews, I’ve used the following, but not with Free File (although they’re all pretty much the same as their … Read more
Just in Time! Lenders Seek Congressional Approval for No Income Mortgages
via mishtalk Here we go again. The mortgage lending industry seeks to eliminate debt-to-income rules for home buyers. At the peak of every boom comes one final act of repetitive stupidity. … Read more
2,153 Billionaires Are Richer Than 4.6 Billion People! Income Inequality In America Continues Its Inexorable Rise
World’s richest 2,000 people hold more than poorest 4.6 billion combined: Oxfam NAIROBI (Reuters) – The world’s richest 2,153 people controlled more money than the poorest 4.6 billion combined in … Read more
Federal government current tax receipts: Taxes on corporate income – YoY
Federal government current tax receipts: Taxes on corporate incomeYoY pic.twitter.com/pbo0CAvKl7 — Sven Henrich (@NorthmanTrader) January 19, 2020
Just to put things into perspective: Half of the US population spend more than their income. (via DB)
Just to put things into perspective: Half of the US population spend more than their income. (via DB) pic.twitter.com/URlc8vH7Tv — Holger Zschaepitz (@Schuldensuehner) January 18, 2020
A Snapshot of Income Inequality Around the U.S.
by howmuch Over the past 40 years, the average individual income in the U.S. has grown by 65%. However, not everyone has reaped the benefits of higher wages. Income inequality is at an all-time … Read more
Capitalism did not create the wealth/income inequality that we have today. Socialism will not solve the wealth/income inequality that we have today. This is ALL from the creation of the federal reserve, central banking and fiat currencies.
by smurfin101 Regardless of the political ideology or type of government, if it has a central bank and a currency that’s backed by nothing, the country will end up with massive … Read more