A hub for independent voices and hard truths
Washington is considering a 9.9% tax on income above $1M. With this proposal, for people making $1M+ the state and local marginal tax rate could be 18% in Seattle. Highest ever. Add 37% federal tax, plus payroll taxes, and more …
Plus, Susie Wiles breaks cover, a new name in the frame for the Federal Reserve and Hegseth says the Pentagon won’t release the Sept. 2 boat strike video Good morning. New data released Tuesday showed that the unemployment rate has …
by Michael Inflation is a tax that nobody can escape. No matter how hard you may try, the rising cost of living is going to catch up with you eventually, and we live at a time when the cost of …
You don’t get to accuse others of “living off welfare” when you’re a net recipient of the system. Most people receive more in government spending than they pay in federal taxes. That’s not an insult, it’s arithmetic. Meanwhile, high earners …
New York millionaires: threatening to flee the city since 2009 pic.twitter.com/nuOLxApYGW — The Daily Show (@TheDailyShow) November 7, 2025 NY State saw peaks of over 3,000 millionaires leaving annually around 2020, with cumulative net outflows shrinking its U.S. millionaire share …
American did all the right things. She went to school, became a Registered Nurse, she has $0 debt and an 808 credit score She just called trying to get a mortgage, she cant afford a mortgage payment If someone like …
The final week of July 2025 is not a policy moment. It’s a collision of pressure points. The Federal Reserve is expected to hold interest rates at 4.25% to 4.5% for the fifth straight meeting. The decision lands Wednesday at …
California just redefined “low income” and it no longer means what people think it does. A single person earning $111,700 in Santa Clara County now qualifies. In San Francisco, Marin, and San Mateo counties, the line is set at $109,700. …
Canada is experiencing the largest millionaire exodus in its history, with 3,200 high-net-worth individuals expected to leave this year. The country ranks third globally in millionaire flight, following China and India. The reasons behind this mass departure are clear—high taxes, …
In a land once brimming with promise, the American Dream now flickers like a distant star, obscured by the harsh realities of financial struggle and unattainable aspirations. $100,000 income no longer buys the American Dream in most places, per CNBC. …
More low income earners in the Us are not dining out, per Reuters: pic.twitter.com/oAbUo1h9D0 — unusual_whales (@unusual_whales) April 8, 2024 “Runaway prices at U.S. fast-food joints and restaurants have made people skittish down the income ladder and executives at chains …
IR-2024-56, Feb. 29, 2024 WASHINGTON — In the continuing effort to improve tax compliance and ensure fairness, the Internal Revenue Service announced a new effort today focused on high-income taxpayers who have failed to file federal income tax returns in …
via ssa.gov The national average wage index (AWI) is based on compensation (wages, tips, and the like) subject to Federal income taxes, as reported by employers on Forms W-2. Beginning with the AWI for 1991, compensation includes contributions to deferred compensation plans, …
by confoundedinterest17 According to mythology, Hades made King Sisyphus roll a huge boulder endlessly up a steep hill in Tartarus. Unfortunately, the modern day version of Sisyphus is the middle class pushing a boulder endlessly up a steep hill while the top …
Economic inequality worsens in the U.S. as the top 1% amass more wealth. Housing affordability declines. The 1% are crushing it 👇 pic.twitter.com/0Wfsj4EbR6 — Win Smart, CFA (@WinfieldSmart) December 14, 2023 Housing is less affordable for both renters and buyers …
The alarming truth is that the soaring rental costs are taking a toll not only on low-income individuals but also on those with above-average incomes. This unforgiving rental market is compelling people to relocate further away from their workplaces in …
Financial winter is coming. h/t Mayhem4Markets
via thepostmillennial: According to an analysis of data from the Internal Revenue Service by The Oregonian from income tax returns filed in 2020 and 2021, Multnomah County lost a net 14,257 tax filers and their dependents, many of whom were …