Tag: median income
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Income Mobility in the U.S. from 1996 to 2005
Department of the Treasury: Income Mobility in the U.S. from 1996 to 2005 (Came across a link to this at Carpe Diem) Using three different measures of income mobility that track changes in the incomes of a large sample of individual taxpayers over time, this study presents new evidence on income mobility over the decade…
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About That Middle-Class Squeeze…
Investor's Business Daily: About That Middle-Class Squeeze… (HT: Mark Perry) The poor in America pay virtually no taxes at the federal level. What taxes they do pay have been falling for decades. The total effective federal tax rate — for income, payroll and excise taxes — for the bottom 20% of U.S. households was halved…