Recent Posts

Rush Limbaugh: The 'dangerous' base created by Democrats is lashing out

By Victor Garcia | Fox News   Democrats have created a "dangerous" base, and now they are struggling to stop those very same supporters from ...

Read More

2020 Candidate Eric Swalwell Says Only a Certain Kind of “White Guy” Should be President

                    American Liberty Report In the modern Democratic Party, identity politics is the hot ticket. Watching the 2020 Democratic presidential contenders constantly ...

Read More

Truth and light in black and white

By A.J. Castellitto at Renew America I don't like singling people out based on the color of their ...

Read More

Clarence Thomas Shows Left’s Hypocrisy on Discrimination

Star Parker / @UrbanCURE /The Daily Signal Liberals cannot tolerate Justice Thomas', pictured in 2008, consistent, unyielding and faithful commitment to America's founding ...

Read More

Stacey Abrams lost Georgia because America is racist, 2020 Dem says on CNN

The narrative that won't die Bastiaan Slabbers/NurPhoto via Getty Images)  AARON COLEN/theblaze Rep. Seth Moulton (D-Mass.), one of nearly two dozen Democrats running ...

Read More

WATCH: Trump Reads FDR’s Historic D-Day Prayer–Reveals How Far Democrats Have Fallen

It is a prayer that really proves just how far the Democrat Party has fallen from true Americanism By Warner Todd Huston/flagandcross   In ...

Read More

D-Day’s ‘Forgotten’ Woman

Cal Thomas / @CalThomas / The Daily Signal American troops of the 4th Infantry Division ("Famous Fourth") land on Utah Beach June ...

Read More

Memorial Day Flashback: Obama's 5 Most Pathetic Military FAILS

Source: AAN by: AAN     As you celebrate the sacrifice of those in uniform this Memorial Day, you should give those in ...

Read More

My REAL ID Informational Event

Facebook Website Bio Latest News Contact The Weekly Roundup Friday, June 14, 2019 The latest news from the State Capitol You’re Invited to My REAL ID Informational Event  Please ...

Read More

CEASE AND DESIST LETTER ISSUED OVER PRIVATE BORDER WALL

 US Andrew Kerr | Investigative Reporter/DC The owner of a property where a private border wall was built over Memorial Day weekend ...

Read More

Latest News

[smoothslider]

Taxes Now Eat Up Larger Share of Income Than When Obama Took Office

Share

After-tax income has declined for some demographic groups since 2009

Barack Obama AP

BY:

 Ali Meyer is a staff writer with the Washington Free Beacon covering economic issues that expose government waste, fraud, and abuse.

Taxes are consuming a larger share of household income now than before President Obama took office, according todata from the Congressional Budget Office.

The CBO uses a comprehensive measure of income, referred to as average household market income, that includes labor income, business income, capital income, capital gains, and retirement income. It combines this with government transfers to calculate before-tax income.

The budget office then subtracts individual income taxes, payroll or social insurance taxes, corporate income taxes and excise taxes to calculate average after-tax income.

Read More

 

 

Comments are closed.

Polls

Please take our reader satisfaction poll. Please select one from each part.

View Results