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52 pm The great economic focus of the White House, the financial crisis and recession aside, has been inequality. The hollowing out of the middle class, the yawning gap between rich and poor, and the problem of economic mobility were preoccupations
Our national motto should be “E pluribus 1 percent,” without “unum.” We are now a nation where the “top 1 percent” derives or drains its income from the masses, or “1 percent from many," for those
The nonprofit group says the shift is compounded by proposed cuts in municipal revenue sharing of close to $200 million by suspending revenue sharing for two years.
Things Better Than Money Money does buy happiness, but happiness also creates wealth. A recent Gallup poll, quoted in The Atlantic , found that "well-being rises with income at all levels of income, across countries." In other words, as the article's
Tenn. (MarketWatch) The midnight hour deal struck in Washington raised taxes for the wealthiest Americans, amid conservative protests that it would discourage the wealthy from investments that could add badly needed jobs to the sagging American
As we see with the final tally of votes for the election, President Obama's win was historic. He won by 5 million votes, a 4 percent margin in the popular vote and by 126 votes in the electoral college. Today's article (Jan. 5) that describes the
Prospects for a 2013 overhaul of the U.S. tax code have faded after last week's "fiscal cliff" fight, with Democrats still pushing to raise more government revenue by closing tax breaks and Republicans arguing that the tax debate is over. The stand-
Story For all its drama, Mr. Depardieu's tax flight clearly misjudged the mood of his nation and a growing shift in global sentiment. Where the Rolling Stones made a bestselling album from their Exile on Main Street to avoid taxes, paying dues is now
The rich would see a much bigger tax bill under the fiscal cliff deal that passed the Senate early Tuesday morning, but even they would get some nice breaks. Those making a million and up would pay $122,560 more in federal taxes, on average,
Wall Street lobbyists blame unemployment and the loss of industrial competitiveness on government spending and budget deficits especially on social programs and labor's demand to share in the economy's rising productivity.