Word: wages
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According to IRS data for calendar year 2000, the top 5 percent of wage earners in the United States pay 56.47 percent of all federal income taxes, the top 10 percent pay 67.3 percent of all income taxes, and the top 50 percent pay a whopping 96.09 percent of all income taxes. Since the top income-earners bear such an overwhelming portion of the federal tax burden, it stands to reason that they’d get more money back in a tax cut. After all, the government cannot return money in the form of tax breaks to people...
Moreover, the top 50 percent of wage earners already pay disproportionately more in taxes than they earn as income: the top 5 percent earn 35.3 percent of all income but pay more than 56 percent of all income taxes; the top 10 percent earn 46.01 percent of all income but pay more than 67 percent of all income taxes; and the top 50 percent earn 87.01 of all income but pay more than 96 percent of all income taxes. For those who have bought into the Democrats’ strident rhetoric and divisive rich-versus-poor strategy, these numbers...
...citizens cannot sue for punitive damages and the leaders of counterterror operations are exempt from liability. While the Moscow city government has paid each victim $3,000 in compensation, Trunov argued that the funds do not cover the expensive medical care that many need. And the loss of primary wage earners has plunged many middle-class families - those who could afford a night out at the theater - into poverty. Chernetsova, for example, says her son's death leaves her without support. She lives on a monthly pension of $50. "I don't know how to survive," she says. Judge Gorbacheva...
...rental stock has shrunk. According to the National Low Income Housing Coalition, which lobbies for government housing, for the fourth year in a row there isn't a single jurisdiction in the U.S., with the exception of places in Puerto Rico, where a person working full time for minimum wage can afford to rent a one-bedroom home at fair-market value...
...last week the White House's complex timetable for a war--which is not to be confused with its determination to wage one--seemed to slip. An assortment of forces sought to throw the U.S. off its appointment in Baghdad. The mushrooming crisis in North Korea clamored for Bush's attention. There were Thursday's reports from the chiefs of the U.N. inspection teams, Hans Blix and Mohamed ElBaradei, that while Iraq has not made "a serious effort" to comply substantively with inspectors' requests, the teams probably will not produce a smoking gun by Jan. 27. That disclosure emboldened several...