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Keyword: usincome

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  • US Household Income Drops Most in 20 Years, And It Had Nothing to do With the Sequester

    03/01/2013 9:31:27 AM PST · by lbryce · 5 replies
    PJ Tatler ^ | March 1, 2013 | Bryan Preston
    On January 1 your payroll taxes went up a couple of percentage points. That caused household income to drop like a stone, the sharpest drop in 20 years. Income dropped 3.6 percent, hitting its lowest level in more than five years. By the way, gas prices are inching back up too. The average American family’s income is going backwards, while the federal government continues to grow and grow and grow. Yet, as congressional leaders and the president meet at the White House today, President Obama will badger Republicans for even more tax increases as part of a deal to avoid...