We might indeed explain the historical outperformance of stocks by an increase in the profit share of national income.
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As for the second largest group of non-income taxpayers, the senior citizens, an effort to increase the income tax responsibilities for this class would necessarily require that we place an increased level of income tax on their social security benefits.
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The Scottish National Party criticised the GDP figures and launched an attack on budget forecasts which show an increase in income from business of 22%.
There is also an increase in the percent of your income that you must spend on medical expenses before those expenses are tax deductible, up to 10% from 7.5%.
After marginal tax rates were reduced in 2003, Federal income tax revenues increased sharply and the wealthy once again saw an increase in their share of the total Federal income tax burden.
The likelihood of an audit does increase with income, according to IRS data.
As breadwinners lost jobs or suffered pay cuts, the number of low-income families grew to 10 million in 2009, an increase of almost a quarter-million.
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According to the study, 30% of musicians reported an increase in teaching income including private lessons for voice and instruments while only 19% saw a decline.
With more people accessing our journalism however, whenever and wherever they want it, this past quarter the unit of Dow Jones that includes the Journal had an increase of more than 30% in operating income.
It also prevents an income tax increase for 98% of Americans and 97% of small businesses.
In China this means a stronger currency, bigger social safety-nets and an overhaul of subsidies to increase the share of national income going to workers.
So the extra income is only equivalent to an increase of about 5 to 6%.
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An obvious redistributionist step would be to increase the top rate of income tax, now 40%.
This comes despite concerns over growing income inequalities and an increase in the price of basic goods, issues that might be expected to play into the hands of a left-of-centre opposition party.
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Back then how seriously would you have thought about accelerating income in anticipation of an 8 to 9 percent tax rate increase ?
Regardless of income, the people who spent money on others reported an increase in personal happiness, while those who spent more on themselves did not.
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Writing off the costs each year would substantially boost their after-tax income and increase the attractiveness of contingency-fee cases as an investment, much as tax writeoffs on drilling expenses dramatically increase the odds of financial success in the oil and gas business.
First passed in 1977, the CRA was "strengthened" in 1995, causing an increase of 80% in the number of bank loans going to low- and moderate-income families.
In 1930-31, during the Hoover administration and in the midst of an economic collapse, there was a very slight increase in tax rates on personal income at both the lowest and highest brackets.
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In recent years there have been substantial gains in the number of people receiving life-prolonging antiretroviral therapy in low- and middle-income countries, totalling 4 million by December 2008, which represents an increase of 1 million from the previous year.
In the Budget, Mr Osborne announced an increase of VAT up to 20%, the freezing of child benefit and a rise in personal income tax allowance.
Alongside that pain he's offered voters some gains - the cancellation of the next planned fuel duty rise and another small income tax cut by an increase in the personal tax allowance.
The lowest earning 20 percent will face an average increase in their 2013 tax rates of about 1.1 percentage points, while middle-income households will pay rates that are about 1.3 points higher.
All of this is causing an increase in inequality in America rather than a decline, as higher income workers are not being forced into part-time work, dropping out of the work force, or suffering mid-wage jobs being replaced by low-wage jobs.
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However they also expect greater inequality of income and wealth, both within their own countries, with 60% predicting an increase, and internationally (58%).
The increase in household debt (mostly mortgage finance) from 85% of disposable income in 1996 to an estimated 140% at the end of last year, has also been more dramatic than in America or Britain.
If no further action is taken by Congress, the maximum individual income tax bracket would increase to a stated rate of 39.6%, but an effective marginal rate of 40.8% for most high-bracket taxpayers due to a limitation on itemized deductions that would also come back in 2013.
The authors examine the likely impact of the 10-percentage point increase in the top income tax rate, which was imposed as an election-year stunt by former Prime Minister Gordon Brown and then kept in place by his feckless successor, David Cameron.
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