Not exact matches
That is only a fraction of the
income - tax rate that most
workers pay — on top of which is piled the 11 % FICA wage withholding for Social Security and Medicare that all
workers have to pay on their salaries up to the cut - off point of about $ 102,000 (This cut - off frees from this tax the
tens of millions of dollars that hedge fund traders pay themselves).
According to statistics supplied by the Economic Policy Institute, a 25 - year - old male
worker in 1953 or 1963 could expect to more than double his
income over a period of
ten years.
The Cuomo administration has offered developers and union officials a wage subsidy for construction
workers in the hopes of reviving 421 - a — a dormant program that has generated thousands of apartments for poor and moderate -
income New Yorkers, and saved property owners
tens of millions of dollars in property taxes.
Tens of millions of individuals and families previously classified as «middle class» — including many white - collar
workers — are now considered «low
income» because they: