Showing posts with label The Top 20%. Show all posts
Showing posts with label The Top 20%. Show all posts
Wednesday, May 20, 2026

No Jeff, the bottom 80% should pay zero in income taxes, the top 20% should pay 100% of the income taxes

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  Jeff Bezos says bottom half of earners should pay zero in income taxes The top 20% receive income in excess of $10 trillion. Taxed at 50% ...
Sunday, May 10, 2026

I stopped caring about this particular economic measure when I realized that it obscures the fact that the top 20% in this country receive 60% of the income it displays

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Frankly, most of the economic charts produced by the government do this kind of thing. Most of the time the rich use this data to tell you h...
Friday, January 30, 2026

The wealth inequality of today's K-shaped economy goes back to the Reagan Revolution

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Wealth inequality and the ‘K-shaped’ economy are more striking than ever, data shows   They take vacations and buy luxury goods. You struggl...
Sunday, December 21, 2025

Populist taxes to match Trump's populist rhetoric

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 The original personal exemption from the income tax was $3,000 in 1913. The equivalent of that in September 2025 is $97,440. For married fi...
Saturday, December 6, 2025

Ronald Reagan July 3, 1983: Don't let anyone tell us that America's best days are behind her (but they are)

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 The speech is here . Unfortunately the numbers don't lie. Shortly after that speech, economic growth rolled over definitively. I think ...
Thursday, May 22, 2025

House GOP votes for tax breaks for rich Democrats from Blue states like New York, New Jersey, and California lol

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  House Republican tax bill passes ‘SALT’ deduction cap of $40,000. Here’s who benefits    ... Enacted via the Tax Cuts and Jobs Act , or TC...
Sunday, February 4, 2018

YOUR average hourly earnings are NOT up 2.9% as widely reported, for example by Larry Kudlow this weekend

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Yes, average hourly earnings of TOTAL PRIVATE, seasonally adjusted, is up 2.9% year over year in January 2018. Well, whoop dee do. Not...
Monday, May 5, 2014

It's time to treat the rich like equals: Dean Kalahar speaks up for proportional taxation

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Here , although the ahistorical reading of Scripture by liberals on behalf of progressive taxation is hardly new: Proportional taxes actuall...
Wednesday, January 8, 2014

Rush Limbaugh Today Totally Botches Income Quintiles On The Program

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"You keep using that word. I do not think it means what you think it means." The relevant passage is here : Poverty is expressed a...
Wednesday, August 22, 2012

The Growth In Income Inequality Wasn't A Bug, It Was A Feature Invented By Liberalism

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If you generally tax some income at one rate and other income at a lower one, what do you think would happen over a long period of time? Obv...
Wednesday, December 14, 2011

The Increase in the Wealth Gap is Due to the Housing Collapse

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The latest figures from the Federal Reserve ( link : compare lines 4 and 42) show that enormous wealth destruction in housing is the overwhe...
Friday, November 4, 2011

Bill Clinton's Middle Class Tax Increase Meant the Rich Got a Bigger Piece of the Pie

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Mark Perry seems to have missed a good story. He's been talking recently about how the income share of the top 20 percent has been FLAT ...
Sunday, May 1, 2011

Doh! We Tax the Rich Because That's Where The Money Is, Knucklehead.

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Per Census.gov here , these are the income limits by each quintile of 23,507.6 households in 2009: Lowest: up to $20,453 Second: up to $38,5...
Monday, April 18, 2011

The Wall Street Journal's Deliberately Misleading Middle Class Tax Target Graph

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The graph above is the subject of a deliberately misleading story in The Wall Street Journal, here . The graph makes it look like there'...
Sunday, December 12, 2010

4 of 6 Current Tax Rates Already Do Not Apply to 80% of the Country

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Per the US Census, all US households divide into five groups of equal size along these income lines for 2009: 1) $0 to $20,453 2) $20,454 to...