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Monday, October 31, 2011

What Do the Top 1% Really Pay in Taxes?

October 25, 2011 (SmartPros) -- New study shows income declines for top earners, while effective tax rates creep up.

The income earned by the top 1% of Americans has declined for the second year in a row while their average tax rate has increased, according to a newTax Foundation study. The average federal tax rate for those reporting at least $343,927 in income has increased from 22.5% in 2007 to 24.0% in 2009, while the average income for the top 1% has declined from $1.4 million to $1 million over the same period.

Wednesday, October 26, 2011

How the economic slowdown has changed consumer spending in America

AMERICANS are spending less on clothes and eating out and more on household fuel bills and healthcare, according to data from the Bureau of Labour Statistics. Between 2007 and 2010, average annual consumer spending per unit—defined as a family/shared household or single/financially independent person—fell by 3.1% to $48,109.

Friday, October 21, 2011

Inflation Adjustments Trigger Bigger Tax Benefits


The Internal Revenue Service said Thursday that many tax benefits for tax year 2012 will increase due to inflation adjustments, including personal exemptions and standard deductions, with tax brackets also widening next year.

Tuesday, October 18, 2011

Retirement Income Planning and the Elder Market

This October 2011 paper from the Insured Retirement Institute is geared toward how financial advisors might better serve the current 'aging' population.  In doing so, page 3 and page 4, have interesting charts.  They are a little dated (2010 census and 2007 survey) but are useful to think about in conjunction with some of the narrative.

Friday, October 14, 2011

U.S. 2012 starting salaries expected to rise 3.4%

By Tess Stynes
U.S. starting salaries are expected to rise 3.4% next year, with technology positions likely to see the largest increases--up 4.5%, according to Robert Half International Inc. (RHI).

Friday, October 07, 2011

91,000 U.S. jobs were added in September, ADP says

The U.S. gained 91,000 private-sector jobs in September, according to ADP Employer Services. The median forecast by economists surveyed by Bloomberg News was 75,000 new jobs.