Posts Tagged ‘tax policy’

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    Are the Rich Getting Richer?

    Jun 30, 11 • 90 Views • Government, Households, Labor, Macroeconomic MeasurementNo Comments

    Their conclusion was clear. A recent Federal Reserve study tells us that the rich are getting richer. A closer look, though, reveals it is a lot more complicated. We need to be aware of two issues. How should we define income and wealth? Calculating income,...

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    How Much is $250,000?

    Jun 29, 11 • 102 Views • Demand, Supply, and Markets, Economic Debates, Government, Households, Macroeconomic Measurement, Money and Monetary Policy, Thinking EconomicallyNo Comments

    Told that someone earns $250,000 a year, you should ask, “Where do you live?” According to CNN, you would need to earn $545,000 in Manhattan to spend what $250,000 will buy in Missoula, Montana. On this map, you can see how your cost of living...