Elements of the press and the political left – far left – delight in redefining taxable income and I suspect many Americans miss the nuances.
Tag: income
Net worth. Wealthy?
While Americans’ say you need $2.2M to “be wealthy” in 2023, Americans who feel wealthy have a much lower actual net worth. The Charles Schwab
Simple math
Let’s say your gross income is $50,000. That means as a married person using the standard deduction your federal tax bill is about $2672. You
My political economic theory
Have you ever heard of the “Economic reality common sense paradox?” I kind of doubt it mainly because I just made it up. My theory
