Tax Department analyst Kathy Strombeck said that "a drop of 5% in average income per return is not nearly as bad as we anticipated."
The 2021 global Gallup report ranked countries in terms of both positive and negative emotions—including sadness, enjoyment, smiling and feelings of respect.
Average U.S. rent prices are higher than real estate experts had predicted pre-pandemic for this summer.
American politicians have ignored domestic mass shootings and skyrocketing income inequality, the Chinese Communist Party's official media outlet wrote Monday.
During a recent interview with with the civic media organization A Starting Point (ASP), Beyer was asked what areas of the current U.S. tax system need the most improvement.
The best evidence available today shows that the growing national debt contributes to massive problems that many on the Left and Right care about.
Third parties may rarely win election to office, but they do serve to introduce the new ideas that the duopoly candidates cannot.
Morning Consult found in a survey of more than 2,400 people, that Trump receives lower support when asked on the phone than online among those making $75,000 or more each year.
A new study from the Urban Institute found adults with incomes below the federal poverty level were nearly 19 percent less likely to receive stimulus payments. Nearly seven in 10 Americans received payments from the CARES Act.
Guaranteed income is a powerful tool to fight structural inequities afflicting American society.
Did Sanders' campaign fail or succeed? Expanded health care, a higher minimum wage, free college: His ideas may have outgrown the need for Sanders himself and his purist approach.
A proposed California law would give almost every adult in the state $1,000 per month, similar to the universal basic income plan of former presidential candidate Andrew Yang.
While among the most ambitious plans to tackle inequality beyond income, Elizabeth Warren's tax proposal has produced research casting doubt on some of its largest promises.
These survey respondents could be part of a slightly more progressive coalition of Republicans who also care about climate change, immigration and access to contraception, reports show.
New York State enacted a law Monday that bans employers from asking prospective employees how much money they earned in previous jobs.
Former Clinton Treasury Secretary Lawrence Summers this week railed against the so-called "wealth tax" proposed by progressive Democrats, warning that such "anti-business" policies could have provoked more anti-Semitism from 20th-century business leaders.
"The goal of this income inequality tax is not just to raise more revenue. It is to send a message to corporate America: stop paying your workers inadequate wages while CEOs make outrageous compensation packages."
Fans chanting "equal pay" during the U.S. women's national soccer team's World Cup victory reinvigorated calls to match the salaries of the professional men's league.
Abigail Disney, heiress to The Walt Disney Company, railed against CEOs collecting too much pay and is demanding Americans start taxing the wealthy.
Philip Alston, a human rights expert, wrote in his new report that economic inequality "could be readily eliminated" with political will.
"Claire is one of my best friends, and I believe that we should be paid equally and fairly and there should be equality for all," Matt Smith said.
"'What's your zip code?' is fast becoming one of the most important things your doctor could ask you.
Rent control policies could actually be making income inequality worse in gentrifying cities such as San Francisco, a new paper from Stanford University researchers argues.
White households in Boston, on the other hand, average a net worth of $247,500, or nearly 31,000 times more than African-American Bostonians.