I see an economic diasater coming...

[Qwert]

We're seeing a rise in "three-income" households now. Many individuals are working two jobs to make ends meet.

Watch this to understand that mechanism:
http://www.aflcio.org/Corporate-Watch/CEO-Pay-and-You

[triffid]

Qwert,thanks for that link.Apple was on the news today for creating new ways to avoid paying corporate taxes by creating parts of itself in Ireland  so as to create "stateless corporations" that pay no tax to anyone.You have to admire them for their gutsy actions.Maybe they are leading the way for more companies to do the same?


http://uk.finance.yahoo.com/news/ireland-not-blame-apple-tax-131724356.html

[triffid]

A panel of senior politicians are set to quiz chief executive Tim Cook and two other senior executives at Apple on the findings of an investigation by the US Senate on Tuesday. The report focuses on three subsidiaries based in Ireland, which, it claims, have allowed Apple to avoid billions of dollars in US income tax.
The Senate report alleges that Apple pays no tax on the $30bn income generated between 2009 and 2012 at one Ireland-based subsidiary, Apple Operations International (AOI). It says that by incorporating AOI in Ireland but managing it from the US, Apple has taken advantage of a tax loophole whereby Ireland only asserts tax jurisdiction on companies managed there and the US bases tax residency on where a company is incorporated. As such, Apple is not tax resident in either country.

[triffid]

Way to go Apple!Pay no tax and use what other taxpayers have paid in to benefit your company.An increasing trend in companies today that operate in the good old USA.

[Esevroff]

The insurance carrier for the employees benefit federally taxed.  Pension plans-IRAS etc etc etc. built into the cost of the product you are purchasing with inome they are taxing again.