Internal Revenue Service

Top 0.001%, Bottom 50% of US Taxpayers Pay Equal Shares of Income Tax

The top 0.001% of U.S. taxpayers paid 3.25% of all federal income tax collected in 2016. The bottom 50% paid 3.04% of all income tax collected that year. The top ...
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Fed Rate Hikes Pose Risks for Parts of the Junk Bond Market

This week's Federal Open Market Committee (FOMC) meeting is largely expected to generate the first formal interest rate hike of 2017. While most market participants are expecting a hike, there ...
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Property Tax

States With the Highest (and Lowest) Property Taxes

For Americans across the nation, housing expenses are typically the largest costs of living. Not only is a house the biggest purchase in most Americans' lives, but also monthly rent ...
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Average Tax Refund Hits $3,539

Based on new statistics released by the U.S. Internal Revenue Service, the agency is having a banner year, but so are taxpayers. Refund levels are so strong that they might join ...
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States Where Poverty Is Worse Than You Think

The U.S. federal poverty line has been determined using the same general framework since the mid-1960s. In that time, the official measure has come under criticism as an inadequate way ...
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Paying Taxes

States Where the Most People May Be Due Tax Refunds

Several hundred thousand Americans might do well to contact the IRS. The agency claims that nearly one million people who did not file tax returns in 2010 could be due ...
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Powerball Lottery Now Over $200 Million: What to Do and Not to Do If You Win

Somehow and some way the new Pennsylvania Lottery Powerball jackpot already has crossed back above the $200 million mark for the winning lottery pool. Because 24/7 Wall St. is so concerned ...
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