Tag: Income tax in the United States

Think Progress has posted this stomach-turning chart: The red line indicated corporate profits and the blue is the average wage of Americans. As you can see the profits have been sky rocketing to record levels, while wages continue to plummet. CNN Money puts it into words here: In the third quarter, corporate earnings were $1.75 […]

There has been a lot of questions about Mitt Romney’s income taxes and we finally got one answer: Q: What’s the effective rate you’ve been paying? ROMNEY: What’s the effective rate I’ve been paying? It’s probably closer to the 15 percent rate than anything, because my last ten years, I’ve, my income comes overwhelmingly from […]