We face the risk of taking our most promising entrepreneurs and turning them into underemployed wage-earners.
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This calls for a more sustainable pace of growth, with wage-earners getting a bigger share of the national income.
After years of sacrifice, wage-earners are starting to profit.
Yet despite the recent rise in wages across the board, and despite the massive rise in federal assistance, many poor single wage-earners have still not been able to lift their families out of poverty.
Those who have done so already are mostly wage-earners who have tax deducted from their salaries and feel they have no option but to report their incomes because they are already in the tax authorities' records.
The president, who won an increase in tax rates on high wage-earners earlier this year, said he would press for deficit reduction by ending tax breaks and deductions for wealthier Americans, as well as for spending cuts.
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Spending then would match recent projections from the Congressional Budget Office that say estimated total federal revenue will grow to 19.1% of GDP in 2023 as a result of, among other factors, a tax increase on high wage-earners enacted in January.
Gregory Rodriguez, a researcher at Pepperdine University, argues that foreign-born Hispanics have three advantages which help them make up for their lack of educational qualifications: the highest number of wage-earners per family of any ethnic group, the highest participation in the labour force, and stable families.
While many are low-wage earners, there is a large community of executives, mainly bankers in Europe and North America.
The tax bill approved by President Obama this week that included tax cuts for the rich in the form of minimized estate taxes along with breaks for the middle and lower-wage earners in the U.S. was voted down by House Democrats Thursday. (See " House Dems Reject House Deal") Markets remained mixed throughout the day.
Form 433-A, Collection Information Statement for Wage Earners and Self-Employed Individuals.
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On both sides of the Atlantic, I know plenty of people who are in my position - successful wage earners thrown out of work for the apostasy of turning 50.
Mr. Obama endorsed the political ruse he calls the Buffett rule, which asserts as a matter of moral principle that millionaires should not pay a lower tax rate than middle-class wage earners.
The very same small business operators and hard-working American wage earners who, on election day, cast their votes for a Republican Party that bills itself as the party of fiscal responsibility.
But Republicans in Congress have refused, insisting that millionaires and billionaires, the top 2 percent of wage earners in this country -- that the tax cuts of middle-class Americans should be held hostage to tax breaks for the wealthiest 2 percent.
The lack of a safety net encourages everybody to work, and the employed get to keep most of what they earn due to low tax rates -- more than half of wage earners pay no tax at all.
However, there are a few sticking points such as the buy-out clause for potential suitors and it is believed that the influential midfielder and prized Cardiff asset feels he deserves a wage closer to the club's top-earners.
The increase for a coming year is based on inflation between the third quarter of the prior year and the third quarter of the current year, as measured by the Consumer Price Index for Urban Wage Earners and Clerical Workers, or CPI-W. In the third quarter of 2008 energy prices and the CPI-W spiked, giving beneficiaries a hefty 5.8 % COLA for 2009.
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For many wage earners, the cost of maintaining their mini-imperial courts can put a severe strain on family finances.
As of early 2012, about 70% of the 1.4 million minimum wage earners in the U.S. are full-time workers, according to the Economic Policy Institute.
The principle is that affluent Americans should pay the same -- at least the same tax rate as middle American wage earners.
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