and the Consumer Expenditure Survey to examine the different ways in which life cycle models can be altered to generate differences in saving rates by income groups, differences in Social Security benefits, different time preference rates, non-homothetic preferences, bequest motives, uncertainty, and ...
The House also voted for a plan that would increase the percentage of salary that federal employees must pay toward their retirement benefits. But — ready for it — the plan is unlikely to make it through the Senate. The gay marriage discussion. This is mostly a policy issue and we’...
As is often the case with big policy matters in the United States, the states tend to act before the feds, and some big players, including California and Massachusetts, are not waiting for Big Brother to get started. They and others are trying out good ideas, mostly involving “pay or ...
In honor of the financial crisis, let’s also point out that all of these risks are correlated: being sick increases your chances of losing your job (and, probably, getting divorced); losing your job reduces your ability to afford health insurance, either through COBRA or in the individual ...
They want obedient workers. Obedient workers, people who are just smart enough to run the machines and do the paperwork. And just dumb enough to passively accept all these increasingly shittier jobs with the lower pay, the longer hours, the reduced benefits, the end of overtime and vanishing...
In these times of “The Great Recession” we shouldn’t be trying to shift the benefits of wealth behind some curtain. We should be celebrating and encouraging people to make as much money as they can. Profits equal tax money. While some people might find it distasteful to pay taxes. I ...
Our Issue of the Week: It’s public service recognition week. The time when managers and the public are supposed to take a step back and really highlight the amazing work government workers do on a daily basis. But this year has been rough for many feds — especially those in the Sec...
runs the risk of being hacked or accessed by dishonest parties. With identity theft on the rise, many are concerned. Some citizens believe that city planning should be carried out through the collection of anonymous, aggregate information. For these reasons and likely more, the ACS has been sai...
The history of individual income tax The calculation of income tax( progressive tax rate) Federal income tax State income tax Income Tax--- Federal State History… Federal income tax Birthed in the Civil War. Very unpopular, Administrative nightmare 1872...
will remain the same for employees and employers, the Railroad Retirement Board said. In 2004, the maximum amount of earnings taxed for Social Security and Tier I benefits was capped at $87,900. In 2005 that amount will rise to $90,000. The tax rate, paid by both employers and ...