Economic inequality in the United States

Tax statistics: an overview

Retrieved on: 
Wednesday, June 5, 2019
Economy, Value-added tax, Tax, Income tax in the United States, Income tax, Economic inequality in the United States, Taxation in the United Kingdom, Taxation in the Czech Republic

Tuesday, June 4, 2019This briefing provides an overview of tax statistics, including recent trends, forecasts, and distribution of taxpayers.

Key Points: 
  • The majority are from three main sources: income tax, National Insurance contributions (NICs) and value added tax (VAT).
  • Individual taxpayers: income tax paid, by income

    Income tax payments are concentrated amongst those with the largest incomes.

  • Their analysis which covers around three quarters of tax revenues (including income tax, NICs, VAT, excise duties and council tax) found that the 50% of households with the largest incomes contribute around 78% of taxes.
  • Impact of taxes on household incomes

    Overall, direct taxes (including income tax, NICs and council tax) lower income inequality.

Study Finds Nearly Half of U.S. Hourly Workers Would Take Pay Cut for Influence Over Work Schedule

Retrieved on: 
Tuesday, May 21, 2019
Technology, Software, Professional services, Human resources, Industrial and organizational psychology, Job satisfaction, Organizational behavior, Income in the United States, Economy, Human behavior, Economic inequality in the United States, Articles, Telecommuting, Temporary work

The ability to influence their work schedules significantly affects job satisfaction, which can have a significant impact on worker turnover.

Key Points: 
  • The ability to influence their work schedules significantly affects job satisfaction, which can have a significant impact on worker turnover.
  • Forty-nine percent of hourly workers would be willing to take a reasonable pay cut for more control over their schedule.
  • Comparatively, 56 percent of hourly workers would be willing to take a reasonable pay cut for better health benefits.
  • Consider the following:
    76 percent of male workers indicated their work schedule impacts their productivity vs. 68 percent of female workers.

Realtors® Survey Shows Median Income Jumped 5%, More Women Joining Industry

Retrieved on: 
Thursday, May 9, 2019
Income in the United States, Economic inequality in the United States

Sixteen percent of Realtorshad a previous career in management, business, or finance, and 15% worked in sales or retail.

Key Points: 
  • Sixteen percent of Realtorshad a previous career in management, business, or finance, and 15% worked in sales or retail.
  • Realtorscontinue to see an overall growth in diversity of membership while a growing number of women are entering the profession.
  • Realtorswith 16 years or more experience had a median gross income of $71,000down from $78,800 in 2017.
  • In comparison, Realtorswith two years or less experience had a median gross income of $9,300, a slight increase from $8,330.

Rent is Becoming Less Affordable for College Graduates

Retrieved on: 
Thursday, May 9, 2019
Economic inequality in the United States, Economy, Income in the United States, Price controls, Renting, Urban planning

In fact, the rent burden has grown more quickly for recent college graduates in 45 majors including U.S. history, music, biology and early childhood education than it has for renters without a four-year degree.

Key Points: 
  • In fact, the rent burden has grown more quickly for recent college graduates in 45 majors including U.S. history, music, biology and early childhood education than it has for renters without a four-year degree.
  • The current U.S. median rent is $1,535 per month, up 29.9 percent over the past 10 years.
  • While non-graduates have a higher rent burden than four-year college graduates, some degrees have had slower income gains or even decreases in the past decade.
  • Nationally, only early-career graduates with one of 17 majors analyzed including computer science and various engineering degrees have a rent burden of 30 percent or less.

Horizon Bancorp, Inc. Releases 1Q Financial Highlights, More Than 57% Growth in March 2019 Pre-Tax Income

Retrieved on: 
Monday, April 29, 2019
Professional services, Banking, Economy, Money, Taxation in Australia, Income tax in India, Income tax in the United States, Income tax in Australia, Economic inequality in the United States, Taxation in the United States, Income inequality in the United States, Tax Cuts and Jobs Act

Pre-tax income through March 31, 2019 totaled $867,403, an improvement of $315,267 over the March 31, 2018.

Key Points: 
  • Pre-tax income through March 31, 2019 totaled $867,403, an improvement of $315,267 over the March 31, 2018.
  • Total annual loan growth was over 15% as of March 31, 2019 compared to the balance of loans on March 31, 2018.
  • Our growth in loans and assets over the last 12 months resulted in improvements in Interest Income on Loans, Total Interest Income, and Net Interest Income.
  • Pre-tax income at 03/31/19 totaled $867,403, with income taxes of $201,286 resulting in net income of $666,117.

Silgan Announces Record First Quarter Earnings and Confirms Full Year Earnings Outlook

Retrieved on: 
Wednesday, April 24, 2019
Manufacturing, Packaging, Professional services, Finance, Economic inequality in the United States

Adjusted net income per diluted share was $0.46 for the first quarter of 2019, after an adjustment increasing net income per diluted share by $0.04.

Key Points: 
  • Adjusted net income per diluted share was $0.46 for the first quarter of 2019, after an adjustment increasing net income per diluted share by $0.04.
  • Adjusted net income per diluted share was $0.42 for the first quarter of 2018, after an adjustment increasing net income per diluted share by $0.01.
  • In addition, each of the businesses was unfavorably impacted by the non-cash reduction in pension income in the current year quarter.
  • Segment income margin decreased to 11.3 percent for the first quarter of 2019 from 13.0 percent in the first quarter of 2018.

Canada's children are lagging in pre-primary education, with nearly half aged 2 to 4 missing out - UNICEF Canada

Retrieved on: 
Wednesday, April 10, 2019
Education, Students, Educational stages, Early childhood education, Preschool, Social inequality, Kindergarten, Economic inequality in the United States, Income in the United States, Income inequality in the United States, Pre-kindergarten

Children not in pre-primary education are missing critical development opportunities and are at risk of suffering deep inequalities from the start, the report notes.

Key Points: 
  • Children not in pre-primary education are missing critical development opportunities and are at risk of suffering deep inequalities from the start, the report notes.
  • Canada has a higher rate of pre-primary education than lower-income countries, where only 1 in 5 young children are enrolled.
  • Inequality of access to pre-school and kindergarten means that children are already at different starting points on their first day of primary school.
  • Even by age 15, those who had more than one year of pre-primary education do substantially better at reading than those with no pre-primary education.

Median-Priced Homes Not Affordable For Average Wage Earners In 71 Percent Of U.S. Housing Markets

Retrieved on: 
Thursday, March 28, 2019
Wages and salaries, Economy, Wage, Economic inequality in the United States, Local government areas of New South Wales, Income distribution, Business, Minimum wage

That required income was then compared to annualized average weekly wage data from the Bureau of Labor Statistics (see full methodology below).

Key Points: 
  • That required income was then compared to annualized average weekly wage data from the Bureau of Labor Statistics (see full methodology below).
  • The 335 counties where a median-priced home in the first quarter was not affordable for average wage earners included Los Angeles County, California; Maricopa County (Phoenix), Arizona; San Diego County, California; Orange County, California; and Miami-Dade County, Florida.
  • "Continually rising home prices in many areas do remain a financial stretch or simply unaffordable for a majority of households.
  • That required income is higher than the $56,823 annual income earned by an average wage earner based on the most recent average weekly wage data available from the Bureau of Labor Statistics, making a median-priced home nationwide not affordable for an average wage earner.

Huami Corporation Reports Fourth Quarter and Full Year 2018 Unaudited Financial Results

Retrieved on: 
Thursday, March 14, 2019
Economic inequality in the United States

Net income attributable to Huami Corporation was RMB126.0 million (US$18.3 million), compared with RMB72.3 million for the fourth quarter of 2017.

Key Points: 
  • Net income attributable to Huami Corporation was RMB126.0 million (US$18.3 million), compared with RMB72.3 million for the fourth quarter of 2017.
  • Adjusted net income attributable to Huami Corporation[2] was RMB146.5 million (US$21.3 million), up 69.3% from the fourth quarter of 2017.
  • Net income attributable to Huami Corporation was RMB340.0 million (US$49.5 million), compared with RMB167.7 million in the full year 2017.
  • Our fourth quarter results capped off a very strong year for Huami," said Wang Huang, Chairman and CEO.

Reasons Why It Pays To File Taxes Early Shared By National Debt Relief

Retrieved on: 
Tuesday, March 12, 2019
Tax, Taxation in the United States, Economic inequality in the United States, Income in the United States

MIAMI, March 12, 2019 /PRNewswire-PRWeb/ --One of the primary responsibilities of Americans is to pay taxes that is why National Debt Relief shares some of the reasons why people need to pay it early.

Key Points: 
  • MIAMI, March 12, 2019 /PRNewswire-PRWeb/ --One of the primary responsibilities of Americans is to pay taxes that is why National Debt Relief shares some of the reasons why people need to pay it early.
  • The article titled "Here's Why You Need To File Your Taxes Early" released February 20, 2019, explains some of the benefits people get when they choose to pay their taxes ahead of the deadline.
  • The article starts off by pointing out that there are some people who prefer to pay their taxes at the last minute.
  • The article shares that one of the major benefits of preparing and paying taxes early is that consumers can straighten out their budget.