The gross estate for federal estate tax purposes often includes more property than that included in the probate estate under the property laws of the state in which the decedent lived at the time of death.
The falling minimum wage has led to poverty and inequality. Today, at the federal minimum wage of $7.25 per hour, working 40 hours per week, 52 weeks per year yields an annual income of only $15,080. As shown in the figure, this is below the federal poverty line for families of two or more.f the federal minimum wage were raised to $10.10 per hour, as Sen. Tom Harkin (D-Iowa) and Rep. George Miller (D-Calif.) have proposed (depicted by the dotted line), it would bring a minimum-wage income back above the poverty line for a family of three.
The average annual salary for the 90th percentile (the top 10% highest paid) is $88,330. The median annual salary is $35,080. The average annual salary for the bottom 10% earners is $18,190. We note that the top 10% workers are paid nearly five times more than the bottom 10% workers in the United States.