Politics

$45k/yr is the “New Rich”

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...

2/3 of Millionaires Avoid 50% Tax Rate

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.  No...

Racists Blacks Fret About Sole White Lady

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...