All articles tagged with #middle income earners
Japan plans to raise the tax-free income threshold and expand deductions for middle-income earners as part of a tax reform deal to ease inflation pressures, benefiting about 80% of taxpayers with significant tax reductions, and including measures to boost corporate investment and fund higher defense spending.
Homeowners in the US became 40 times wealthier than renters in the past decade, with the median-priced home gaining $190,000 in value, according to a report by the National Association of Realtors. Low-income homeowners built $98,900 in wealth, while middle-income and upper-income homeowners accumulated $122,100 and $150,800 in wealth, respectively. The report also found that Black homeowners experienced the smallest wealth gains among any other racial or ethnic group, while Asian homeowners accumulated the most wealth gains in the past decade, followed by Hispanic Americans.