What is the difference between low income families&poverty families?

Answer According to the 2009 Federal Poverty Guidelines for the 48 contiguous states, a family of four earning less than $22,050 annually is considered below poverty level. A family of four must have an i... Read More »

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What is the difference between real and nominal national income and its significance?

Sergeant Majors typically supervise sections within large units or are the chief NCO of Battalion level units or higher.

When Does Income Not Make a Difference on Social Security Benefits?

Social Security retirement benefits cover about 96 percent of American workers, the Social Security Administration reports. Many workers are choosing early retirement, while another group takes lat... Read More »

Stratification of High Income, Middle Income and Low Income Nations?

The World Bank uses a system of classification of all countries' economies by income for analytical purposes. The main classification criteria is gross national income (GNI) per capita, with every ... Read More »

What type of tax is one that takes a smaller percent age of income from high-income people than from low-income people?

Probably a regressive tax, but also unfair, immoral, and probably Republican written.