You Actually Are Poorer Now Than You Were in 2008

According to an analysis conducted by two former census bureau officials median income for the average American is still around 6 percent lower (after adjusting for inflation) than when the recession began in early 2008.  So if you feel poorer today than you did a …

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The 10 Largest Tax Breaks In The Income Tax system

The Congressional Budget Office (CBO) has published an interesting report titled, The Distribution of Major Tax Expenditures in the Individual Income Tax System, that shows how 10 of the largest tax breaks, credits and deductions are distributed across household with different income levels. These tax …

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How Rich Am I Relative To Others

The table to the right shows where your household stands, relative to others, based on how much income is earned per year. For example, if your household makes $50,000 a year you would be making more than 56% of American households. At $100,000, you make more than 81% of …

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Federal Taxes as a Percentage of Household Income

An interesting study by the Congressional Budget Office (CBO) provided some very telling graphics around income distribution changes relative to which groups paid the most in taxes. Amazing how politicians can both take the same data and spin it in different ways. The first graphic …

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