Trump's economic advisers have said that cutting the corporate rate will increase wages, lifting
average household income by at least $ 4,000.
President Trump's economic council, headed by Kevin Hassett, released a piece claiming that the proposed corporate tax cut would immediately boost
average household income by at least $ 4,000, a claim that was widely pilloried in the economics community.
Not exact matches
Federal Reserve data show that
average family
income at
households headed
by self - employed people declined 5.4 percent in real terms between 1989 and 2010, while
average family
income at
households headed
by people working for others rose 20.4 percent in inflation - adjusted terms over the same period.
As of mid-2015, the measure (see blue line in chart) shows that less than a third of disposable
income is required
by a representative Canadian
household for mortgage payments and utility fees — below the long term
average (brown line).
A survey
by Statistics Canada in 2009 found that the
average household spends 64.4 % of its
income on personal taxes, food, shelter and transportation combined — the so - called necessities.
Despite boasting the province's highest
average annual
household income, Kerrisdale didn't take the top spot in B.C. based on net worth, in part because the area's homes ranked third
by price.
Both have large populations and the growth to accompany it, lots of corporate offices, and do better than
average by household income and number of high - earners.
The method employed
by the IRS used to estimate the total amount of underreported
income of all nonfarm sole proprietorships, or gross tax gap, rather than the
average amount of underreporting of
households led
by unincorporated self - employed individuals.
The latest CBO report on
average federal taxes
by income group was released in June 2016 and includes data for 1979 - 2013 on before - and after - tax
income and taxes paid for each quintile, as well as for the top 1, 5, and 10 percent of
households., [20][21] Because of the effort involved in preparing these analyses, CBO's annual updates tend to lag about two years behind the publication of the necessary SOI data.
That's
average by Maryland's statewide standards, but it's abysmal compared to Fairfax County where it's closer to one in 17 and the
average household income is $ 112,000, or about 50 percent higher than in Prince George's.
Just 13.1 % of
income was spent on food
by the
average household in 2016, making it a less important cost than both housing and transportation.
A recent report
by Sotheby's International Realty found Boomers with an
average household income of $ 300,000 to $ 500,000 are the principal drivers of the luxury real estate market in Canada.
We multiplied the
average sales tax rate for a county
by the
household income less
income tax.
According to a confidential survey commissioned
by Hockey Canada last year and obtained
by The Globe and Mail, the 1,300 parents surveyed had an
average household income roughly 15 per cent higher than the national median.
Our focus was on arithmetic mean (
average)
household incomes by quintile (and the top 5 %) over the 50 - year history of this data series.
In Shenzhen, the
average home sells for 44 times
average annual
household income, compared with around 12 times for homes in New York City, according to an analysis
by Zhang Ming, a senior economist at the Chinese Academy of Social Sciences.
The weakness in
household income has been largely a result of firms» efforts to restrain
average wages growth
by substituting part - time for full - time workers.
By contrast, middle -
income US
households will on
average gain $ 930 each from the tax cut bill passed at the end of last year.
Total
household assets rose
by 6 per cent over the year to the December quarter 2004 (Table 7), in line with
income but well below the
average of previous years.
In the June quarter, the overall rise in housing - secured credit exceeded dwelling investment
by the equivalent of 8 per cent of
household disposable
income, which is almost twice the
average magnitude of housing equity withdrawal seen over the past two years (Graph 28).
Clusters of counties with high levels of organic agricultural activity boost median
household income by an
average of $ 2,000 countywide.
A modelling exercise for the Resolution Foundation
by the Institute for Employment Research and the Institute for Fiscal Studies finds that on the basis of annual
average UK growth of 2.5 per cent from 2015 - 2020 — an optimistic scenario — and no further cuts in public spending, living standards will fall for low and middle
income households by between 3 and 15 per cent (Brewer et al., 2012).
By the year 2005 the
average Spanish
household had accumulated debt equivalent to 125 % of the combined annual
income of its members.
When all sorts of
household income are included, white lawmakers and their spouses brought in an
average of $ 274,007 in 2015, double the $ 139,270 earned
by their African - American colleagues and the $ 133,998 brought in
by their Latino counterparts.
The
average white legislator lived in a
household income that was 10.7 times their county's living wage, based on cost of living estimates created
by a Massachusetts Institute of Technology professor.
The
average household income has fallen
by 50 %.
The UK Women's Budget Group, a group of independent experts, released analysis
by Howard Reed of Landman Economics, showing the poorest 10 % of
households will, on
average, lose 1.9 % of their weekly
income, and the second poorest 10 % will lose 1.6 % from the benefits uprating squeeze.
That this House declines to give a Second Reading to the Welfare Benefits Up - rating Bill because it fails to address the reasons why the cost of benefits is exceeding the Government's plans; notes that the Resolution Foundation has calculated that 68 per cent of
households affected
by these measures are in work and that figures from the Institute for Fiscal Studies show that all the measures announced in the Autumn Statement, including those in the Bill, will mean a single - earner family with children on
average will be # 534 worse off
by 2015; further notes that the Bill does not include anything to remedy the deficiencies in the Government's work programme or the slipped timetable for universal credit; believes that a comprehensive plan to reduce the benefits bill must include measures to create economic growth and help the 129,400 adults over the age of 25 out of work for 24 months or more, but that the Bill does not do so; further believes that the Bill should introduce a compulsory jobs guarantee, which would give long - term unemployed adults a job they would have to take up or lose benefits, funded
by limiting tax relief on pension contributions for people earning over # 150,000 to 20 per cent; and further believes that the proposals in the Bill are unfair when the additional rate of
income tax is being reduced, which will result in those earning over a million pounds per year receiving an
average tax cut of over # 100,000 a year.
Average household incomes are now higher than they were in 2010, a milestone hailed
by Mr Osborne as «good news for families and businesses across the country».
The resulting statistical model revealed a link between participants» personal
household income and their attitudes toward redistribution that was driven
by average social - circle
income.
Over nearly the same period the
average household income in the U.S. decreased
by about 8 percent.
We compare the test scores of students in each of the seven categories, taking into account differences in the students» socioeconomic characteristics, including parent schooling, self - reported
household income, the number of non-school books in the home, and the quality of the peer groups (calculated
by averaging family background and home resources for all students in the classroom).
Like food deserts, literacy deserts are common in low -
income communities across the U.S. Research led
by Susan B. Neuman of New York University found that only one age - appropriate book is available for every 300 children in low -
income areas compared to an
average of 13 books for every child in middle -
income households.
It expresses the
average teacher salary in each state (as collected
by the NCES for 2012 - 2013) as a fraction of that state's median
household income (as of 2012).
The median
household income of new - car buyers in 1986 was $ 35,600, 26 percent above that of an
average U.S.
household, according to figures supplied
by the Motor Vehicle Manufacturers Association.
(N.B. the median is different than the
average household income of $ 63,784, which is pulled higher
by the country's wealthy outliers).
Time to buy was derived from
average home price divided
by average estimated
household income.
Time to buy was derived from
average price divided
by average 2012 estimated
household income sourced from Canadian Demographics.
American
households in the top 1 % of the
income bracket will get an
average tax cut of around $ 50,000 next year, according to a recent report cited
by FA magazine.
That's just a national
average, and there's considerable variation
by household type, age and
income level.
What they found: U.S.
households boosted their spending
by 10 percent on
average when they received economic stimulus payments in 2008, with lower -
income households experiencing the biggest impact.
According to research
by the Consumer Financial Protection Bureau (CFPB), less than one - fifth of account holders — those who incur three or more overdraft fees per year — pay more than 90 percent of all overdraft fees triggered
by debit cards, checks, and ACH electronic transactions.3 Similarly, The Pew Charitable Trusts» chartbook Heavy Overdrafters: A Financial Profile, shows that «heavy overdrafters» — consumers who pay more than $ 100 in overdraft and nonsufficient funds (NSF) fees in a year — generally have
incomes below the U.S.
average, and overdraft fees consumed nearly a full week's worth of their
household incomes on
average during the past year.
In tables assembled from tax data
by the Tax Policy Center, we can see that the
average effective individual federal
income tax rate in 2013 for
households in the 96th - 99th percentiles was 16.1 %.
The
average household income for people age 65 and older is the second - highest in the country — but it gets pinched plenty
by high taxes and living costs.
High -
income taxpayers benefitted most from these tax cuts, with the top 1 percent of
households receiving an
average tax cut of over $ 570,000 between 2004 - 2012 (increasing their after - tax
income by more than 5 percent each year).
In fact, from 1980 to 2011, total
household income in Canada grew
by less than one - third of a percent per year (
averaged out)-- considerably less than inflation.
This calculation simply takes the
average home price and divides it
by the
average household income.
Best, worst states for money management — A state -
by - state look at how well consumers manage their money, based on their
average credit scores and
household incomes... (See State money management)
Referencing investigative journalist John Pilger from his 2006 book Freedom Next Time, O» Toole states that «while the
average white
household income in South Africa has risen
by 15 % in the post-apartheid period, the
average black
household income has fallen
by 19 %.»
- Lower U.S. Gross Domestic Product (GDP)
by $ 51 billion on
average every year through 2030 - Lead to 224,000 fewer U.S. jobs on
average every year through 2030 - Force U.S. consumers to pay $ 289 billion more for electricity through 2030 - Lower total disposable
income for U.S.
households by $ 586 billion through 2030