The Hunger for Muni Bonds (And Gold!) Is Real

Apr 22 14:04 2019 Print This Article

Another Tax Day has come and gone. Although it might be some time before we get the full picture of what Americans earned and paid in taxes last year, it’s probably safe to assume that the top 1 percent of earners shouldered most of the U.S. tax burden.

In 2016, the most recent year of available data, the top 1 percent was responsible for over 37 percent of all income taxes. Compare that to the bottom 50 percent, which was responsible for about 3 percent of all taxes.

Of course, the highest earners also paid the highest average income tax rate of 26.9 percent, which is seven times more than the rate faced by the bottom 50 percent.

This was the first year that Americans paid taxes under President Donald Trump’s tax cuts. And yet many filers—especially those living in high income tax states such as New York, California and New Jersey—saw their payments rise significantly due to state and local tax (SALT) deductions being capped at $10,000.

Read More

About Article Author

U.S. Global Investors

Related Items

Enzyme Breakthroughs From The Majors

by Jim Lane Three big product announcements just in… DSM (e) breaks through on yield, efficiency with new yeast, enzyme offerings for corn fiber conversion. Novozymes (Copenhagen:NZYM-B; OTC:NVZMY) launches breakthrough techs “Fortiva” and “Innova Force”. DuPont (DD) extends with corn o ...

The terrible, horrible, no-good, very bad market days

  By Guest Blogger Doug Rowat I was staring at this deadly looking item at the Bata Shoe Museum in Toronto last month: Shoe of Death? Source: Doug Rowat Oddly, it got me thinking about markets and investor behaviour—such parallels sometimes occur in the strangest places. While this shoe looks ...

CPPIB Gets 'Lucky' With Active Management?

The National Post published another hit piece from conservative commentator Andrew Coyne on how the Canada Pension Plan Investment Board (CPPIB) is lucky with active management, for now:In 2006, the Canada Pension Plan Investment Board announced it had switched from a “passive” to “active” ...

After Losing a Similar Case, BLM Sued Again Over Climate Impacts of Oil and Gas Leases

Read time: 5 mins An environmental group based in New Mexico is suing the U.S. Bureau of Land Management (BLM) over alleged violations of the National Environmental Policy Act (NEPA) related to climate change. It’s the second lawsuit the agency has faced over its approval of oil and gas leases o ...

US EPA to probe permits issued to PolyMet’s copper-nickel project in Minnesota

The US Environmental Protection Agency’s (EPA) internal watchdog is launching a probe into the permitting process for PolyMet Mining’s planned $1 billion copper-nickel mine in Minnesota, amid doubts the project really complies with Clean Water Act requirements. According to documents released l ...

Trudeau should cut his losses on the Trans Mountain pipeline

Gordon Laxer Please chip in to support rabble's election 2019 coverage. Support rabble.ca today for as little as $1 per month! Justin Trudeau is in over a barrel. In 2015, he made a deal with Alberta. He would get an oil pipeline built to a coast if the province joined his pan-Canadian climat ...

Doug Casey Says that the Deep State is the source of America’s Economic Problems

Via CaseyResearch.com, Doug Casey says we’re well into what he calls the Greater Depression. America is headed for trouble… and it’s critical to know exactly what’s going on. That’s why today’s essay is so important. In it, Doug explains the source behind every negative thing that’s ...

FOMC, EMU PMI, and Pre-G20 Positioning: Crossroads and Crosswinds

The week ahead is likely to provide some clarification for investors on three fronts that have been a source of uncertainty.  The FOMC meeting, with updated forecasts, is center stage.  The credit markets are pushing the Fed to be aggressive but can be disappointed.  In the eurozone, the pre ...

Book Bits | 15 June 2019

● Equity Smart Beta and Factor Investing for Practitioners By Khalid Ghayur, et al.Summary via publisher (Wiley) Equity Smart Beta and Factor Investing for Practitioners offers a hands-on guide to the popular investment opportunities of smart beta, which is one of the fastest growing areas within ...

Weekend Show – Sat 15 Jun, 2019

Hour 1 – The USD, Gold, and A Couple Gold StocksIn the first half of this weekend’s show I focus on the US Dollar and the risk/reward balance for the US markets. The second half is dedicated to the metals however I spend most of the time discussing 3 junior stocks. Please keep in touch by email ...

I've Never Seen An Earnings Signal This Bullish

At EarningsBeats.com, we track the best U.S. companies in a "Strong Earnings ChartList." In order for a company to be included in our ChartList, they must do 3 things: (1) Beat quarterly revenue estimates (2) Beat quarterly EPS estimates (3) Look solid technically If a company doesn't m ...