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Silicon Valley s Vast Wealth Disparity Deepens as Poverty Increased

A new study of Silicon Valley wealth, income and other economic measures shows vast disparities in one of the country's wealthiest regions, with the top 10% of households holding 66% of the investable assets in the region last year. In Santa Clara and San Mateo counties, just eight households held more wealth than the bottom 50% (nearly half a million households), according to the Silicon Valley Index, an annual report by the Silicon Valley Institute for Regional Studies, the research arm of Joint Venture Silicon Valley. | By Alejandro Lazo CalMatters A new study of Silicon Valley wealth, income and other economic measures shows vast disparities in one of the country's wealthiest regions, with the top 10% of households holding 66% of the investable assets in the region last year. In Santa Clara and San Mateo counties, just eight households held more

United statesNorth carolinaStanford reglabJacob goldinStacym brownEvelyn smithWilliam benjamin scottJoe bidenTarun rameshTreasury departmentNational research projectUniversity of chicagoStanford institute for economic policy researchUniversity of michiganStanford law schoolStanford institute

Collaboration Between Stanford and the Department of the Treasury: Black Taxpayers Are Targeted for Audit More Than Others

According to Stanford RegLab, Black taxpayers receive IRS audit notices at least 2.9 times more frequently than non-Black taxpayers and possibly as much as 4.7 times more often. The team’s research showed that a set of internal IRS algorithms causes racial differences in audit selection. Goldin compared them to the recipe for Coca-Cola: “It’s completely secret.” | By Stacy M. Brown NNPA Newswire Senior According to Stanford RegLab, Black taxpayers receive IRS audit notices at least 2.9 times more frequently than non-Black taxpayers and possibly as much as 4.7 times more often. The new study included research by Daniel E. Ho, the William Benjamin Scott and Luna M. Scott Professor of Law

United statesNorth carolinaStanford reglabJacob goldinStacym brownEvelyn smithWilliam benjamin scottJoe bidenTarun rameshTreasury departmentNational research projectUniversity of chicagoStanford institute for economic policy researchUniversity of michiganStanford law schoolStanford institute

DIARY-Top Economic Events to April 28

FRIDAY, FEBRUARY 24 TOKYO - The Bank of Japan's incoming Governor Kazuo Ueda will appear at a confirmation hearing at the lower house of parliament, which will be the first official event shedding light on his views on the economy and monetary policy outlook - 0030 GMT. LONDON - Bank of England MPC's Silvana Tenreyro speaks on inflation targeting at a conference organised by the Federal Reserve Bank of New York - 1630 GMT.

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Why Are Poverty and Homelessness Treated Like Crimes? - Los Angeles Post-Examiner

Why Are Poverty and Homelessness Treated Like Crimes? - Los Angeles Post-Examiner
lapostexaminer.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from lapostexaminer.com Daily Mail and Mail on Sunday newspapers.

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Study: Black taxpayers almost 3 times more likely to be audited

According to Stanford RegLab, Black taxpayers receive IRS audit notices at least 2.9 times more frequently than non-Black taxpayers and possibly as much as 4.7 times more often.

Stanford reglabWilliam benjamin scottJoe bidenNational research projectTreasury departmentStanford institute for economic policy researchStanford law schoolStanford instituteEconomic policy researchPresident joe bidenExecutive orderDependent databaseEarned income tax credit