The middle class in America has been declining for decades, and we continue to get even more evidence of the catastrophic damage that has already been done. According to the Social Security Administration, the median yearly wage in the United States is just $30,533 at this point. That means 50 percent of all American workers make Read More…
Tag: middle class
Trump Tax Plan To Benefit “Top 1%” Most, Cost $2.4 Trillion, Middle Class To Pay More Taxes
Based on what we already know about the proposed Trump tax reform, which can be summarized as follows: collapse the seven individual income tax rates to three (12, 25, and 35 percent), increase the standard deduction, eliminate personal exemptions, increase the child tax credit, eliminate most itemized deductions, repeal the individual and corporate alternative minimum Read More…
A Third Of Americans “Will Have Only One Choice” On Their Obamacare Plan Next Year
Everyone was forced onto Obamacare. Now, it is collapsing… by design. Sadly, this was the plan all along – to completely socialize health care after the collapse of competition in this new government-backed monopoly market that represents approximately one-sixth of the entire U.S. economy. A stinking scam to take the whole thing over – and Read More…
As Wealthy Surge, U.S. Poor and Middle Class Income Has Gone Backward
Poorer households saw their income drop from a median of $26,373 in 1999 to $23,811 in 2014, according to new research Middle and low-income households in the U.S. made less money in 2014 than they did in 1999 as the middle class lost ground in almost 90 percent of the country’s metropolitan areas, a new Read More…