Why retire later? Study shows how to encourage longer careers

(Phys.org)—What if every U.S. worker got an automatic 10 percent pay raise at age 55? According to a new University of Michigan study, most people would work quite a bit longer to enjoy the extra income before they retired.

How Apple's phantom taxes hide billions in profit

On Tuesday, Apple is set to report financial results for the second quarter. Analysts are expecting net income of $9.8 billion. But whatever figure Apple reports won't reflect its true profit, because the company hides some ...

Middle class better off than previously thought

Long portrayed as stagnant, the income growth of the U.S. middle class may be more than 10 times greater than previously suggested by some economists, according to a new study at Cornell.

Programs kept Wisconsin families from poverty, report finds

Temporary increases in safety net programs and tax credits for working families helped keep many in Wisconsin from poverty during the recession and its aftermath, a new report by researchers at the University of Wisconsin-Madison ...

Study finds many low-income families depend on tax credit program

The federal government's Earned Income Tax Credit (EITC) is designed to be a short-term safety net, but many participants return to the program time after time, says a new study co-authored by a Ball State University economist.

Refunds don't always help lower-income taxpayers

Getting a tax refund from the federal government at the end of the year may not always be the best option for lower-income populations, according to the research from Harris School economist Damon Jones.

Combine carbon consensus with income tax cuts: study

A carbon pricing proposal can find consensus and would allow income tax cuts, as long as industry handouts can be kept in check, according to a new report from The Australian National University.

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