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The amount of exemption was phased out at higher incomes through 2009 and after 2012 (no phase out in 2010–2012). [ 48 ] Citizens and individuals with U.S. tax residence may deduct a flat amount as a standard deduction .
In May 2012, an Ipsos poll of 16,000 adults in 21 countries found that 8 percent had experienced fear or anxiety over the possibility of the world ending in December 2012, while an average of 10 percent agreed with the statement "the Mayan calendar, which some say 'ends' in 2012, marks the end of the world", with responses as high as 20 percent ...
Obama presents his first weekly address as President of the United States on January 24, 2009, discussing the American Recovery and Reinvestment Act of 2009 Job Growth by U.S. president, measured as cumulative percentage change from month after inauguration to end of term. 2016 was the first year U.S. real (inflation-adjusted) median household income surpassed 1999 levels.
Income inequality contributes to wealth inequality. For example, economist Emmanuel Saez wrote in June 2016 that the top 1% of families captured 52% of the total real income (GDP) growth per family from 2009 to 2015. From 2009 to 2012, the top 1% captured 91% of the income gains. [75] Nepotism perpetuates and increases wealth inequality ...
With rising economic growth and prosperity, India's income is also rising rapidly. As an overview, India's per capita net national income or NNI was around Rs. 98,374 in 2022-23. [1] The per-capita income is a crude indicator of the prosperity of a country. In contrast, the gross national income at constant prices stood at over 128 trillion ...
[217] [218] As a result, the seasonally adjusted unemployment rate grew from 7.5% in September 2008 to a then record high of 23.1% in May 2012, while the youth unemployment rate time rose from 22.0% to 54.9%. [186] [187] [219] From 2009 to 2012, the Greek GDP declined by more than a quarter, causing a " depression dynamic" in the country. [220]
A Roth IRA is an individual retirement account (IRA) under United States law that is generally not taxed upon distribution, provided certain conditions are met. The principal difference between Roth IRAs and most other tax-advantaged retirement plans is that rather than granting a tax reduction for contributions to the retirement plan, qualified withdrawals from the Roth IRA plan are tax-free ...
This difference becomes very apparent when comparing the percentage of households with six figure incomes to that of individuals. Overall, including all households/individuals regardless of employment status, the median household income was $67,521 in 2020 while the median personal income (including individuals aged 15 and over) was $35,805. [5 ...