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From Carpe Diem: The chart above is based on data in the recently-released CBO report “Distribution of Household Income and Federal Taxes, 2008 and 2009,” showing the share of federal income taxes paid by income group in 2009. In 2009, almost all (94.1%) federal income taxes collected were paid by just one-fifth of Americans (top quintile) and the top 1% paid almost 39% of all taxes collected. In contrast, the lowest and second [...] Earlier this year I had the privilege of speaking at the Spring Conference of the Retirement Income Industry Association (RIIA). My presentation, The Retirement Puzzle in an Age of Uncertainty, featured a PowerPoint collection of about 40 slides elaborating on various aspects of the puzzle. Yesterday’s update on disposable personal incomes reminded me of some charts on household income that I prepared for the conference, ones that I’ll also be [...] With the US economy at long last gaining some traction, big companies that had all but halted hiring in the past few years seem to be coming back in a big way by adding thousands of jobs. McDonald’s, Intel, Google are three of the 10 companies featured by online publication 24/7 Wall Street in a study of companies that are hiring this year. The study by the publication and employment [...] |
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