Search Results for: income OR wealth OR poverty

Illegal Immigrants and Federal Income Taxes

Widespread Poverty Stats Greatly Overstate the Number of Americans Who Are Destitute

The Tax Rates of Wall Streeters and Steelworkers

Donald Trump and the Media Agree on Middle-Class Income, and They are Both Wrong

Effects of Immigration From Impoverished Nations

Reporters Wrong: Romney Pays a Far Higher Federal Tax Rate Than Most Americans

FactCheck Abets False Obama Claim About Romney’s Taxes

Myths and Causes of Income Inequality

Warren Buffett’s Fraudulent Tax Claims

AOC’s Baseless Accusation That the U.S. Is a “Brutal, Barbarian Society”

Has Government Turned Us Into a Nation of Makers and Takers?

Quantitative Easing: Who Wins and Who Loses?

Widely Touted Study on State and Local Taxes is a Sham

Social Security and Class Warfare

Fact-Based Poll Reveals Fictions Believed by Voters

Warren Buffett’s Fraudulent Tax Claims (Part 2)

High-Income Earners Pay a Much Higher Federal Tax Rate Than the Middle Class

Blame for the National Debt

Social Security Has Been Boosted, Not Looted

The School Funding Inequity Farce

Poll Reveals Voters Misinformed About Key Issues

Maddow’s Tax and Deficit Doubletalk

Tax Fairness Question at GOP Debate Rooted in Falsehood Spread by Media

How Many Americans Go Hungry?

Bernie Sanders’ Education Plan is Rife With Deceit

Can We Prevent a Debt-Driven Economic Collapse Without Reforming Entitlements?

The Payroll Tax Holiday Does Not Impact Social Security, but It Does Redistribute Wealth

Reuters’ Definition of “Lower Income”

2017: The Year in Facts and Falsehoods

How Hard and Effectively do Americans Work?

African Americans Prospered During the Presidency of Ronald Reagan

Social Security’s Trust Fund to Start Losing Value in 2013

Pre-Election Poll: Voters Broadly Misinformed About Key Issues

Lack of Assimilation is Economically Harming Latino Immigrants and Society

Deceitful Evidence of Job Market Discrimination

Myths about School Choice and Betsy DeVos

Poll Reveals Voters are Uninformed About Major Issues

A Factual Look at Obama’s Presidency

Solar Energy Costs and Impacts

Are Today’s Newborns the Luckiest Generation in U.S. History?

Smearing the South With False Charges of Racism

Beware of the “Fact Checkers”

Support for “Soaking the Rich” Is Rooted in Media Misinformation

Government Spending on Higher Education Reaches an All-Time High

Federal Government’s 2017 Fiscal Shortfall Is 74% Worse Than Reported Budget Deficit

Federal Fiscal Shortfall Surges Past $100 Trillion

Hunger Games: Reporters and Pundits Greatly Exaggerate Hunger in America

New Treasury Data Shows Federal Shortfall of $670,000 Per U.S. Household

What the $20 Trillion National Debt Means to You

PolitiFact’s Deceptive Report on Illegal Voting by Non-Citizens

Rape Facts and Falsehoods

Treasury Report: Federal Fiscal Shortfall is $603,000 per Household

The Effects of Regulations on the Economy

Does the Obama Mandate Force You to Pay for Abortions?

Treasury Data Reveals Federal Shortfall of $614,000 per U.S. Household

Education Funding and Results

Should the U.S. Adopt Australia’s Strict Gun Laws?

Do Large National Debts Harm Economies?

The Washington Post’s Slander on Hurricanes and Climate Change

Raising Payroll Taxes to Save Social Security Will Cost the Average Worker $73,000

The School Segregation Farce

Think Progress Exaggerates Child Hunger by 8,000%

Does the Affordable Care Act Ration Medicare?

Are Incandescent Light Bulbs Being Banned?

Substantial Numbers of Non-Citizens Vote Illegally in U.S. Elections

The Impact of Obamacare and Ryancare on Medicare

The SAT Is Feeding Students Solar Industry Propaganda

Government-Mandated Benefits Suppress Workers’ Wages

Deadly Falsehoods About the Orlando Shooting and Gun Control

Taking Social Security Off-Budget

Advocates for Social Welfare Benefits Turn the Truth About Federal Spending on Its Head

Fetal Pain: Response to the Journal of the American Medical Association

Question of the Day

What portion of the material resources of low-income households is not counted when determining official U.S. poverty statistics? 3 The federal government measures poverty based on the reported “money income”…

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Question of the Day

income, raise prices, and lower total output in the economy.” Because reported cash income is roughly one-fifth of all income received by low-income households, doubling the minimum wage would increase…

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…than is either national income or gross domestic product.” This is because it accounts for all forms of income from the private sector and government, including non-cash income like healthcare…

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Question of the Day

…larger than the $80,000/year worker. Furthermore, low-income workers are eligible for the earned income tax credit, which “offsets much of the impact of Social Security taxes paid by low-income workers.”…

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wealth accumulation,” and when governments provide more welfare benefits, “there is less need for relatively poor households to hold precautionary savings, and more income might be used for consumption purposes.”…

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Question of the Day

…were reportedly in poverty. These official federal poverty statistics exclude about 80% of the material resources of low-income households, including a broad range of government benefits, charity, and unreported income….

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Question of the Day

What is the median annual household income of black married couples in the United States? 3 In 2016, the median household cash income of black married couples in the U.S….

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What portion of the income of U.S. middle-income households is provided on average by government benefits? 3 In 2016, government benefits comprised an average of 22% of the income of…

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On average, how much do federal, state, and local governments spend per year on social programs (like healthcare, income security, and education) for every household in the U.S.? 3 In…

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What portion of all federal spending is for social programs, such as healthcare, income security, education, housing, and recreation? 3 In 2018, 62% of federal spending was for social programs….

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Question of the Day

On average, do middle-income people in the U.S. consume more goods and services per person than the national averages in most other affluent nations? 2 According to the latest available…

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Question of the Day

…prices of assets like stocks and real estate increased dramatically, a phenomenon known as asset inflation. Asset inflation increases the wealth of those who already own assets, while making them…

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income by not working than by working? 3 The Congressional Budget Office recently reported that if Congress extends the timeframe for the extra $600 per week in unemployment benefits from…

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Question of the Day

…growing share of the education expenses of low-income school districts in order to equalize their funding with higher-income districts. As a result, since the early 1970s, school districts with higher…

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Question of the Day

…paper, the authors reveal that their “dataset is only adjusted for the CPI [inflation] over time, not currently incorporating any changes in exposure (e.g., as reflected by shifts in wealth

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Question of the Day

…of this fact, NPR and other media outlets reported that these cuts “reduced Social Security’s revenues.” In reality, such laws transferred wealth from the highest-earning households to others because the…

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Question of the Day

…to 2016, during and after the Great Recession and implementation of quantitative easing, the inflation-adjusted median net worth of U.S. families declined for all wealth groups except the top 10%….

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Question of the Day

…he proposed these programs, Johnson said they would “cure” poverty without “any increase in spending.” For more facts about the history and growth of means-tested welfare, see the link below….

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Question of the Day

…upfront fees. Hence, studies that fail to account for these upfront fees generate “misleading results about the presence of discrimination.” Common accusations of systemic racism in other realms, like income

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Question of the Day

…main government healthcare program for low-income people. From 1966 to 2016, the average portion of the U.S. population receiving Medicaid benefits for the entire year increased from 2% in 1966…

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Question of the Day

…economics professor Martin Feldstein, “Two principal measurement mistakes have led some analysts to conclude that the rise in labor income has not kept up with the growth in productivity”: (1)…

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Question of the Day

…in federal, state, and local government benefits than they paid in federal taxes. This figure has increased from about 40% in 1979. Government benefits can suppress market income by (1)…

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Question of the Day

…services to low-income preschool children and their families.” From 2002 through 2008, the U.S. Department of Health & Human Services conducted a nationally representative experimental study of the effects of…

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Question of the Day

…school breakfast program had an improper payment rate of 10%. These are among the higher improper payment rates of federal programs because they don’t always require documentation of parents’ income….

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Question of the Day

…for some people to work less” by (1) providing benefits that decline with rising income “thus making work less attractive”; (2) allowing “some people to maintain the same standard of…

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Question of the Day

…the public about the composition of federal spending by citing figures that exclude all permanently funded “mandatory” programs, like Food Stamps, Medicare, Medicaid, and Supplemental Security Income. In accord with…

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Question of the Day

…but by law and in practice, all SS income can be used only for the SS program. What some call “looting” is actually a legal requirement (established in the original…

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Question of the Day

…but the respondents were explicitly told that the “prices” of goods and services are “the same” in both scenarios. Moreover, income growth does not necessitate inflation. For example, wages grew…

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Question of the Day

…in 1959 to 62% in 2018. Social programs are those that provide healthcare, income security, education, nutrition, housing, and cultural services. These also encompass the vast bulk of all Covid-19-related…

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