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The New American Dream: Work Longer, Live Sicker, Die Sooner

The New American Dream: Work Longer, Live Sicker, Die Sooner

With stagnant wages, rising cost of living (see shelter inflation), and a lack of savings, Americans are retiring later than ever before (if at all). But in a double-whammy for seniors, whose health is declining, their lifespans are shrinking offering them little if any time to enjoy the end of the American Dream walking hand in hand into the sunset on a faraway beach...

"Bubble Tax": The GOP's Hidden 46% Tax Bracket

"Bubble Tax": The GOP's Hidden 46% Tax Bracket

Authored by Danny Vinik via TheAgenda,

If you’re rich enough, some of your income is taxed at a rate unseen since the ‘80s.

House Republicans claim the tax plan they introduced Thursday keeps the top individual rate unchanged at 39.6 percent - the level at which it’s been capped for much of the past quarter-century. But a little-noticed provision effectively creates a new band in which income is taxed at over 45 percent.

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