Spreading the truth. Empowering the people.
The first data from an experiment in a California city where needy people get $500 a month from the government shows they spend most of it on things like food, … Read more
U.S. Income Inequality at Highest Level in 50 Years The gap between the haves and have-nots in the United States grew last year to its highest level in more than … Read more
via Zerohedge: The US subprime auto industry is doing everything in its power to recreate another 2008 crisis. After all, it takes a (Potemkin) village. One of the largest subprime auto … Read more
STOCKTON, Calif. (AP) — Democratic presidential candidate Andrew Yang wants to give cash to every American each month. Susie Garza has never heard of Yang. But since February, she’s been getting $500 … Read more
via taxprof: Wall Street Journal, Collapse of the Inequality Argument?: Leftist politicians have been saying for years that a dramatic rise in wealth and income inequality is the central economic problem of … Read more
by Joe Guzzardi A recent Economic Policy Institute Study titled “CEO Compensation Has Grown 940% since 1978” is a Labor Day lament for American workers whose wages during the same period … Read more
via WSJ: For the richest Americans, Democrats want to shift toward taxing their wealth, instead of just their salaries and the income their assets generate. The personal income tax indirectly … Read more
by BoMcCreadyOC Tool: Tableau Source: ACS
by kc2184 Source: U.S. Census Bureau 2017 Tools: Excel, ArcMap This map is based on median house price and median income per county. Workers in a county with a median … Read more
C-Span piece from 2013. Haven’t heard much chatter about this; can’t be good for business. www.c-span.org/video/?c4455340/irs-head-steve-miller-admits-income-taxes-voluntary h/t MrJDouble
by Duckbuttt123 Data created using SankeyMatic I was inspired to do a Sankey diagram from this post: www.reddit.com/r/dataisbeautiful/comments/ceu98o/twelve_months_of_a_ny_bankers_income_and_spending/. Some points on this: I live in Southern California I am married, but I … Read more
by Nomen_Meum Diagram created using SankeyMATIC. Data from my pay stubs and bank transaction dumps. Couple notes: I worked as an investment banker in New York for about eleven of … Read more
by DCG I am no tax attorney yet I can read the Revised Code of Washington (RCW). From the Washington State Legislature, RCW 36.65.030: “Tax on net income prohibited. A county, … Read more
via france24: Polish lawmakers have approved a measure that would exonerate most workers under the age of 26 from income taxes as the country seeks to stem the flow of its … Read more
by WARREN MOSLER Another indicator turning south, and this is a big one, as it’s the source of most consumer income: Familiar pattern? As if rate cuts would help output, … Read more
via taxprof: IR-2019-120, IRS Issues Guidance on the Tax on the Net Investment Income of Certain Private Colleges and Universities (June 28, 2019): The Internal Revenue Service today issued proposed regulations for the new … Read more