Tag: household income
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Latin America’s middle class grows, but in some regions more than others
Pew Research: Latin America’s middle class grows, but in some regions more than others Three interesting graphs:
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Consumption Inequality Versus Income Inequality
Income inequality is a big topic these days, but some argue that income inequality data doesn't tell the whole picture. Income data typically uses pre-tax and pre-transfer income (meaning people at the top have less than it appears because of the taxes they pay, and the people at the bottom have more because of the…
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Tax rates: Current vs Historical averages
Greg Mankiw's Blog: Tax rates: Current vs Historical averages Do you think the wealthy should assume more of the tax burden for the US? Here is part of a post from Greg Mankiw: A new CBO report gives the effective federal tax rate by income group. These numbers include all federal taxes, not just income…