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The federal minimum wage was introduced in 1938 at the rate of 25¢ per hour (equivalent to $5.19 in 2022). [78] [7] By 1950 the minimum wage had risen to 75¢ per hour. [82] [7] The purchasing power of the federal minimum wage has fluctuated; it was highest in February 1968, when it was $1.60 per hour.
A marginal tax rate is the tax rate on income set at a higher rate for incomes above a designated higher bracket, which in 2016 in the United States was $415,050. For annual income that was above the cut-off point in that higher bracket, the marginal tax rate in 2016 was 39.6%.
The homeowner vacancy rate was 0.8%; the rental vacancy rate was 5.3%. 85,308 people (58.7% of the population) lived in owner-occupied housing units, and 58,984 people (40.6%) lived in rental housing units. As of March 2019, Torrance had a median household income of $85,070 and a median family income of $102,637. [36]
Oakland is a city in the East Bay region of the San Francisco Bay Area in the U.S. state of California.It is the county seat and most populous city in Alameda County, with a population of 440,646 in 2020. [13]
Data are in current U.S. dollars. Dollar figures for GDP are converted from domestic currencies using single year official exchange rates. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used. [2]
Global map of countries by tariff rate, applied, weighted mean, all products (%), 2021, according to World Bank. This is a list of countries by tariff rate. The list includes sovereign states and self-governing dependent territories based upon the ISO standard ISO 3166-1. Import duty refers to taxes levied on imported goods, capital and ...
Riverside County is a county located in the southern portion of the U.S. state of California.As of the 2020 census, the population was 2,418,185, [3] [5] making it the fourth-most populous county in California and the 10th-most populous in the United States.
Los Angeles, [a] often referred to by its initials L.A., is the most populous city in the U.S. state of California.With an estimated 3,820,914 residents within the city limits as of 2023, [8] it is the second-most populous city in the United States, behind only New York City; it is also the commercial, financial and cultural center of Southern California.