Real household disposable income is likely to fall by over seven per cent over the next two years in Britain, despite claims from finance minister Jeremy Hunt that his budget will bolster the economy. According to the Office for Budget Responsibility (OBR), real household disposable income will see the steepest decline in recorded history over the
UK Disposable Income to Fall at Fastest Rate in History as ‘Conservatives’ Push More Taxes
November 19, 2022 by
Middle Class Income Hits All-Time High Despite Ocasio-Cortezâs Claim The âUpper Middle Class Doesnât Existâ In America.
September 12, 2018 by
Continuing an upward trend, middle class income reached its highest level ever despite New York Democratic congressional candidate Alexandria Ocasio-Cortez claiming there is no such class in America. The median income for a household in the U.S. reached $61,732 in 2017, according to a U.S. Census Bureau report released Wednesday. The level, up 1.8 percent […]
Obama Calls for Universal Income in South Africa⊠And He Wonders Why No One Takes Him Seriously.
July 18, 2018 by
Goof Barack Obama is traveling in Africa this week. On Tuesday in South Africa Obama stuttered through his speech and called for guaranteed income. Universal income is basic, raw socialism. You get a check for breathing. This is what the left is today â still promoting the failed policies of the past. They never learn […]
Public Radio Admits: Trump Tax Cut Good for Middle, Low Income.
January 29, 2018 by
A story by Southern California Public Radio station KPCC last week appeared to admit that President Donald Trumpâs $1.5 billion tax reform is best for middle and lower income households. During the months leading up to the tax cut, public radio and television railed away that Republican tax reform would be a massive giveaway to the […]
Why Income Taxes Are Immoral.
November 30, 2017 by
In our Jeffersonian conception of government, governments exist to secure our rights. Thus, we allow government the power to tax us to pay for the costs of protecting our rights and to have an orderly society. (Flickr) Nearly 2,500 years ago, Plato argued that poets, âwith their words and phrasesâ were too dangerous and could […]
Feds Collect Record Income and Payroll Taxes Through March–Still Run $526,855,000,000 Deficit.
April 14, 2017 by
The federal government collected record amounts of both individual income taxes and payroll taxes through the first six months of fiscal 2017 (Oct. 1, 2016 through the end of March), according to the Monthly Treasury Statement. Through March, the federal government collected approximately $695,391,000,000 in individual income taxes. That is about $7,387,280,000 more than the […]
If you hear a Bernie Sanders supporters complain about income inequality, show them this ASAPâŠ
February 21, 2016 by
Weâre all aware of the politics of envy on which Bernie Sanders is campaigning. You could probably make a drinking game based around when he uses the phrases âmillionaires and billionaires,â âtop one percent,â âKoch brothers,â or âgreed.â The issue of income inequality is central to the politics of envy. Bernie commits a popular error […]
In 2015, 45 Percent Of Americans Will Pay No Federal Income Taxes
October 8, 2015 by
The number of individuals and married couples paying no federal income tax has risen to 45.3 percent â up five percentage points from the Tax Policy Centerâs original estimate two years ago. The TPC forecasted in 2013 that the number of households not paying federal taxes would fall to 40.4 percent, crediting an improving economy […]