With the possible exception of Japan, that rate is about the highest of any developed nation in the world today.
The other euro countries trimmed their interest rates to the same level, with the exception of Italy, where the rate is now 3.5%.
This year has been no exception, with the dollar-yen rate barely moving.
Continuing on a recent positive trend, as of June 2012, pending home sales in the U.S., on average, increased by 9.5% (seasonally adjusted) and 8.4% (not seasonally adjusted) respectively on a year-over-year basis with increases experienced across all four regions, with the slight exception of the West on a seasonally adjusted annual rate basis, of the country.
The only exception is the lowest-earners, whose effective tax rate is nearly zero, thanks to the earned income credit.
As you will notice, with the exception of the 1976 election, each time the unemployment rate was stable or falling, the incumbent was reelected.
Centimillionaire and former Massachusetts Governor Romney pays such a low rate because most of his income (with the exception of some hefty speaking fees) comes in the form of long term capital gains and corporate dividends, which are currently taxed at an historically low top rate of 15%.
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The IALSS also indicated that the rate of illiteracy is higher among Francophone people (with the exception of those in Quebec) than Anglophones.
The top 35% rate on ordinary income is the lowest since 1925, with the exception of five years following the 1986 federal tax overhaul (the one that zapped a lot of shelters but lowered rates).
South Korea is the big exception: households have as much debt relative to their income as Americans and their saving rate has fallen over the past decade from 18% of disposable income to only 4%.
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