Implemented in 1969 to make sure upper-income Americans pay their share of taxes, the AMT has increasingly snared more middle-income Americans over the years because it was never indexed for inflation. During the 2011 tax year for example, the higher tax hit single...
Two-thirds of millionaires left Britain to avoid 50p tax rate Almost two-thirds of the country’s million-pound earners disappeared from Britain after the introduction of the 50p top rate of tax, figures have disclosed. via Telegraph. Shhhhh… This is a secret. ...
Black leaders are growing increasingly worried that a white candidate might seize the seat of former Democratic Rep. Jesse Jackson in the upcoming Illinois special election. With a host of black candidates announcing their intention to seek the seat, the concern is...
Are unmanned aircraft, known to have difficulty avoiding collisions, safe to use in America’s crowded airspace? And would their widespread use for surveillance result in unconstitutional invasions of privacy? via SFGate. Yes, and no seem like pretty...
So says the Commercial Club of Chicago. In a memo to its members, the Civic Committee of the Commercial Club of Chicago said last week’s elections didn’t bring in an influx of lawmakers willing to deal with the pension crisis but instead leaves taxpayers with “more...
