Tag: high income

Red-Hot Inflation Drives Wealthier Americans to Shop at Walmart

August 17, 2022
Business & MarketsCompaniesCredit Cardseconomyhigh incomehigh inflationinflationUSWalmart
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Inflation has become such a problem that high-income-class Americans have begun opting for shopping items at destinations like Walmart. Walmart’s reputation as a discounter is attracting more upper- and middle-class consumers to its stores, said John David Rainey, the company’s chief financial officer, in a recent interview with CNBC. Budget-strapped consumers are “trading down” in…

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Bulk of SALT Cap Repeal Benefits Would Go to Households Earning Half a Million or More: Study

April 26, 2021
economyhigh incomePoliticsSALT Captax repealUSUS News
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Around 70 percent of the benefit from repealing the federal cap on the state and local tax (SALT) deduction would go to households making $500,000 or more per year, while just one percent of the benefit would go to those earning $100,000 or less, according to a recent study from the Tax Policy Center. Earlier in…

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Bulk of SALT Cap Repeal Benefits Would Go to High-Income Households: Study

April 26, 2021
economyhigh incomePoliticsSALT Captax repealUSUS News
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Around 70 percent of the benefit from repealing the federal cap on state and local tax (SALT) deductions would go to households making $500,000 or more per year, while just 1 percent of the benefit would go to those earning $100,000 or less, according to a recent study from the Tax Policy Center. Earlier in April,…

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