Economy: Who pays how much of Federal income tax revenue?
High income earners pay most of the Federal income taxes collected by the Federal government.
Opinion: Factfulness, Skepticism & Realism, Sometimes satire and parody.
High income earners pay most of the Federal income taxes collected by the Federal government.
Inevitable as the impact of the birth rate collapse takes hold.
If only someone had been predicting this ...
As long as the economy grows faster than the deficit the deficit can continue to grow. The problem is the deficit is growing faster than the economy.
Soon to come to the U.S. as Gen Z labor becomes the most sought-after labor cohort in U.S. history.
Most new apartments have 2 or fewer bedrooms, possibly limiting family size. I dunno, growing up I shared a room with my 2 brothers.
Hmmmm ... the employment market for Gen Z is so awful that many are taking "sabbaticals", putting careers on hold, yet says finding jobs isn't hard. Hmmmm...
A collapse in births (1 or 2 per week) has led to the closure of rural birthing and maternity care centers.
Surprisingly, the U.S. did not achieve half of all adults being high school graduates until the 1960s.