In fact, as this chart shows, only 2.245 million U.S. households, the top 1.9 percent, had income greater than $250,000 in 2007. About 20 percent of households make more than $100,000.
Dan Gross: Is $250,000 a Middle-Class Salary? | Newsweek Voices – Daniel Gross | Newsweek.com.
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Filed under: Economics, Politics, Take Back America
For at least three Democratic members of the Senate Finance Committee – Charles Schumer of New York, John Kerry of Massachusetts, and Maria Cantwell of Washington – raising the taxes of hedge and private equity fund managers is a particularly discomfiting prospect: each represents a state with a relatively large number of such funds.
Over the [...]
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Filed under: Politics, Take Back America
Last September in St. Paul, Ramsey County prosecutors formally charged eight members of the group RNC Welcoming Committee with conspiracy to riot in furtherance of terrorism. The criminal complaints reportedly do not allege that any of the defendants personally engaged in any act of violence or damage to property. Instead, authorities are seeking to hold [...]
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Filed under: Politics, Take Back America
Search millions of photographs from the LIFE photo archive, stretching from the 1750s to today. Most were never published and are now available for the first time through the joint work of LIFE and Google.
LIFE photo archive hosted by Google.
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Filed under: Fun
But we’re used to crazy talk from fringy Republicans. Either they’re trying to convince us that Adam and Eve rode dinosaurs or they’re insisting that 99 percent of the world’s scientists are wrong about global warming — and that they have a Professor of Dentistry at Oral Roberts University who can prove it. That you [...]
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Filed under: Politics, Take Back America
Kenneth W. Starr has a warning for the Obama administration: What goes around comes around.
During a speech yesterday in Boston, Starr told a group of attorneys that President Obama could face an uphill battle over his Supreme Court nominees because as a senator he opposed two of President George W. Bush’s Supreme Court picks, Samuel [...]
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Filed under: Politics, Take Back America
Forget the “Adult” angle to this story. How are they going to enforce this? How much money will be required to implement this tax. Will NetFlix be subject to it? Will it involve ISPs and credit card companies? etc. etc.
A state proposal to add a 4% tax for downloading movies and music will also apply [...]
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Filed under: Politics
You know what they say – half a million dollars just doesn’t go as far as it used to. News from the White House that $500,000 was the cap the government wants to put on executive salaries at banks receiving bailout cash had some on Wall Street and along the plush corridors of Manhattan’s swank [...]
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Filed under: Take Back America
US Senator Dianne Feinstein hopes to update President Barack Obama’s $838bn economic stimulus package so that American ISPs can deter child pornography, copyright infringement, and other unlawful activity by way of “reasonable network management.”
Clearly, a lobbyist whispering in Feinstein’s ear has taken Comcast’s now famous euphemism even further into the realm of nonsense.
US lawmaker injects [...]
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Filed under: Politics
On Thursday Sept 18, at 11am the Federal Reserve noticed a tremendous draw-down of money market accounts in the U.S., to the tune of $550 billion was being drawn out in the matter of an hour or two. The Treasury opened up its window to help and pumped a $105 billion in the system and [...]