The Economic Policy Institute has released a chart showing the average overall tax rates in 1979, 1992 and 2007. The picture isn’t pretty. While the tax rate for you, me and the other 99% of this country has remained pretty much the same over the years, the tax rate for the top 1% has seen […]
Does your paycheck still make you cry? Do you wonder why the bosses are all giddy like high school girls? Well this could be why (via Think Progress): At a time most employees can barely remember their last substantial raise, median CEO pay jumped 27% in 2010 as the executives’ compensation started working its way […]
Last week the Republican’s in the House voted to save the billions a year in tax subsidies to the oil industry, yet providing assistance to the low-income for their heating bills is on the chopping block. This week the House AG committee decided to keep the farm subsidies, which total close to $20 billion a […]
In a time where the big discussion is rather or not we should extend tax cuts to the top 2% of earners in the country, this is what’s happening: The poverty rate rose to 14.3 percent during 2009 from 13.2 percent the previous year as household income stayed flat and the number of people without […]