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Income and Wealth Gaps US 2025- Top 10 percent support 50 percent of consumer spending in 2024

02/24/2025

Top 20 percent in the US have $1.2 trillion in excess income savings and increased Net Worth to $35 trillion from 2019 to 2025. Bottom 80 percent have about $300 billion in excess income savings and increased Net Worth to $14 trillion in that period.

Grouped Articles

The U.S. Economy Depends More Than Ever on Rich People

WSJ 02/24/2025

Google's U.S. federal tax liability of 18%. GE's low tax rate.

10/28/2010

The US tax rate for corporations at 35%, but the $1.5 billion federal tax liability of Google comes to an effective 18% tax rate. GE's consolidated tax rate of 11.6% from 2005 to 2009. This is also true of other large American companies, raising questions of fairness at a time of budget cuts in education, Medicaid and Medicare. Many U.S. companies, such as Apple, also use offshore tax havens to protect profits from taxes.

Grouped Articles

Apple Avoided Taxes on Overseas Billions, Senate Panel Finds

Wall Street Journal 05/21/2013

Apple’s Web of Tax Shelters Saved It Billions, Panel Finds

New York Times 05/20/2013

Apple CEO Tim Cook, Lawmakers Square Off Over Taxes

Wall Street Journal 05/22/2013

Europe Tackles Tax Evasion

Wall Street Journal 05/22/2013

Ireland Defends Tax Laws to Critics at Home and Abroad

New York Times 05/21/2013

The Corrosive Effect of Apple’s Tax Avoidance

New York Times 05/23/2013

Buddhism in Japan.

01/03/2010

The ancient city of Nara, with a $100 million investment to recreate parts of the city which saw the advent of Buddhism to Japan. This is the 1300th anniversary for this historic city.

Grouped Articles

Happy 1,300th to Nara, Japan

New York Times 01/03/2010

Now Is the Season for Japan

New York Times 03/22/2012

Germany's Kurzarbeit plan and other methods of softening the impact of a recession on jobs and wages.

10/28/2006

About 1.5 million employees used the Kurzarbeit short work week schedules according to the German labor agency. In the latest month March 2010, 693,000 workers were on the Kurzarbeit short week schedule.

Grouped Articles

The Price of Saving Jobs in Germany

BusinessWeek 07/29/2010

Germany's economy: Angela in Wunderland

Economist 02/05/2011

Fixing America's Economy: Nine Ideas from Around the World

BusinessWeek 06/08/2011

Cutting Hours Instead of Jobs

Wall Street Journal 11/21/2011

The Age of the Superfluous Worker

New York Times 11/24/2011

Bayer: Pressure on Prices Has Bad Side Effects

Wall Street Journal 02/07/2012


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