by Jane Richey | Nov 29, 2012 | Fiscal Responsibility
From the Tax Foundation: The average federal tax rate for all taxpayers rose slightly in 2010 to 11.81 percent, up from 11.06 percent the previous year. The tax rate paid by individuals with incomes in the top 1 percent averaged 23.39 percent, while all filers in...
by Jane Richey | Nov 27, 2012 | Free Markets
Organized Labor: Despite gaining a stranglehold over the public sector, unions are losing ground in the private sector. This was seen again in the failed union walkouts against retail giant Wal-Mart. The idea was simple: Take a day of little news, create a big stink,...
by Jane Richey | Nov 27, 2012 | Fiscal Responsibility, Politics
Signaling the importance of pension changes in the coming months, the Corbett administration released a detailed report Monday warning of steep budget cuts if a way is not found swiftly to rein in public-pension spending. The 19-page report labeled...
by Jane Richey | Nov 27, 2012 | Fiscal Responsibility, Politics
Washington is in a dither over the fiscal cliff. The cliff consists of roughly $500 billion in tax increases that will occur on January 1, 2013 as the Bush-era tax rates expire, along with almost $100 billion in automatic cuts in government spending resulting from the...
by Jane Richey | Nov 27, 2012 | Fiscal Responsibility, Politics
he U.S. Treasury increased the net debt of the United States $24,327,048,384.38 on the day after Thanksgiving, which equals approximately $211.69 for each of the nation’s 114,916,000 households. At the close of business last Wednesday, according to the Treasury, the...
