A Quote by Annie Lowrey
Lower-income immigrant families might receive more in benefits than they pay in taxes. But that mathematical equilibrium is temporary, and an artifact of the way the tax-and-transfer system is structured to help lower-income families and to support families with kids.
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Moderately priced homes might draw working families in a metro area. And having rising incomes at the top might price lower-income families out.
Most of them benefit businesses, things like research and development tax credits. But people will also benefit, too, from things like - the earned income tax credit and the child tax credit have been made permanent. They predominantly help lower-income families.
While the wealthiest families completely benefit from the tax cuts targeted towards the upper brackets, middle-income families were hit with the unwelcome surprise of higher taxes on tax day.
When you say the tax system benefits the rich, there are a lot of people who respond, "That can't be true, look at the rate of tax. The people who are rich pay a higher rate than you or I." Well, yeah, but if you don't have to pay taxes on a lot of your income, then your real tax rate is a lot lower. And if you're allowed to pay your taxes thirty years from now instead of today then you're a lot better off. People need to have a sophisticated understanding of how the system works to appreciate that the posted tax rate really has very little to do with the taxes people pay.
Many kids, particularly in lower-income families, would actually benefit from more structured activities. Plenty of children, especially teenagers, thrive on a busy schedule. But just as other trappings of modern childhood, from homework to technology, are subject to the law of diminishing returns, there is a danger of overscheduling the young.
Why do we need to support the food stamp program? Because low-income families experience unemployment at a far higher rate than other income groups. Because cutting nutritional assistance programs is immoral and shortsighted, and protecting families from hunger improves their health and educational outcomes.
Taxes and fees in Chicago and Cook County are forcing low-income families like the one I grew up in out of this city. It's clear we can't keep treating low-income and middle-class families like an ATM machine with no limit.
Politicians like to talk about the income tax when they talk about overtaxing the rich, but the income tax is just one part of the total tax system. There are sales taxes, Medicare taxes, social security taxes, unemployment taxes, gasoline taxes, excise taxes - and when you add up all of those taxes [many of which are quite regressive], and then you look at how they affect the rich and the poor, you essentially end up with a system in which the best off 20 percent of Americans pay one percentage point more of their income than the worst off 20 percent of Americans.
If we're going to have tax cuts, let's focus on those in lower and middle income groups. Make sure that they get the breaks they need to continue to try to provide for their families.
Immigrant families pay taxes. They work. They start businesses. They spend money in their communities. They join native-born families in being economically productive, both paying money to the government and receiving benefits from the government.
Eastern Washington families and businesses should be able to deduct every penny of state and local sales tax they pay throughout the year from their federal tax bill, especially when people in most states are deducting their state income taxes.
By 2015, the top 1 percent of families took home more than 20 percent of income. Wealth distribution was 10 times worse than that: the families in the top 1 percent owned as much as the families in the bottom 90 percent.
More and more lower-middle-income families either live their lives in debt or leave the city altogether. The boom is strictly at the penthouse level.
There is no tool for development more effective than the education of girls and the empowerment of women... When women are fully involved, the benefits can be seen immediately: families are healthier; they are better fed; their income, savings, and reinvestment go up. And what is true of families is true of communities and, eventually, whole countries.
For the workers and their families, being able to bring home a living wage helps their families and, by extension, helps our economy. Seventy percent of our economy is consumer-based. We know that when lower- and middle-class families have money and disposable income, they spend it. That puts money back into the economy. It's a win-win for everybody: Not just for the individual, not just production at a specific company (like Nissan), but for the greater good.
One of the most insidious consequences of the present burden of personal income tax is that it strips many middle class families of financial reserves & seems to lend support to campaigns for socialized medicine, socialized housing, socialized food, socialized every thing. The personal income tax has made the individual vastly more dependent on the State & more avid for state hand-outs. It has shifted the balance in America from an individual-centered to a State-centered economic & social system.
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