Portfolio managers may be called investment managers, wealth managers, asset managers or financial advisors, but a true portfolio manager position is focused on the analytical side of investing rather than the sales aspect. Job Description
The New York Times reported on April 8, 2009, that the average American paid 20.7 percent of all her income in federal taxes. This did not include state and local taxes. The highest 20 percent of income earners paid almost 26 percent of their income in personal federal income taxes, while making almost 56 percent of all income. The top 1 percent of Americans received a full fifth of all American income while paying 28 percent of their income in federal taxes.
Income and Profits Taxes: Taxes on personal income and business profits made up 48 percent of US tax revenue in 2014, a higher percentage than in most other OECD countries, where such taxes averaged 34 percent of the total (figure 2).