Oct 17, 2024 · In 1942, then-president Franklin Roosevelt proposed a 100 percent tax rate on income over $25,000, the equivalent of about $484,000 today. Congress wouldn’t go along with that 100 percent top rate. But lawmakers did give the okay to a 94 percent top tax rate on 1944 income over $200,000.. In the 1950s, under the Republican president Dwight Eisenhower, the …

Mar 18, 2024 · Four years ago, the United States entered the Covid-19 pandemic. Forbes published its 34th annual billionaire survey shortly after with data keyed to March 18, 2020. On that day, the United States had 614 billionaires who owned a combined wealth of $2.947 trillion.

Over the past five decades, the top 1 percent of American earners have nearly doubled their share of national income, according to figures in the World Inequality Database.Meanwhile, the Census Bureau’s “official” poverty rate for all U.S. families has merely inched up and down. In 2011, the Census Bureau began publishing a “supplemental” poverty measure that is more …

Inequality.org. is your online portal to data, analysis, and commentary on income and wealth inequality. You'll find on these pages information and insights that can help you better understand our deeply unequal world — and how we can work to change it.

Nov 21, 2024 · The park’s management is offering relocation assistance and has put together a financial incentive package of $14,000 to homeowners who vacate the park within the next couple of months. But given the shortage of available affordable housing units in Miami-Dade, residents of Li’l Abner are right in saying that this sum of money is not enough.

Feb 5, 2024 · Many Americans are still experiencing the sticker shock they first faced two years ago when inflation hit its peak. But if inflation is down now, why are families still feeling the pinch? The answer lies in corporate profits — and we have the data to prove it.

Throughout the U.S. workforce, women remain vastly underpaid. Institute for Policy Studies analysis of U.S. Census Bureau Data finds that among full-time workers, women earned an average of 83 cents for every dollar a man earned in 2021, up from 76 cents in 2001. The narrowing of the pay gap has slowed in the past two decades compared to earlier decades …

Nov 20, 2023 · Giving Pledgers need to pick up the pace. The report analyzes the progress of the Giving Pledge, founded in 2010 by Bill Gates and Warren Buffett, that has inspired over 220 billionaires to pledge to donate half of their wealth during their lifetime.The report found that while a handful of donors are moving funds in a timely manner, most have seen their wealth …

Sep 17, 2024 · There are now 801 billionaires based in the United States with a combined wealth totaling $6.22 trillion, according to an Institute for Policy Studies analysis of the Forbes Real Time Billionaire List.. The total number of billionaires is down 11 people as of September 13, 2024 from April when Forbes published their 38 th annual World’s Billionaire List.

Feb 11, 2015 · 3. A Global Wealth Tax? In Capital in the Twenty-first Century , Thomas Piketty recommends an international agreement establishing a wealth tax. Under his plan, countries would agree to tax personal assets of all kinds at graduated rates.The skeptics do have a point about whether this particular plan is practical, but we shouldn’t give up on the idea.