re: Ryan tax plan would cut taxes on rich and RAISE THEM on middle class - WaPo

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Just sayin...For the last eight years you would think the deficit was all that mattered in terms of economic stats.

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The problem here is the preception that people making a top10% income (~$100k/yr) are "middle class". They aren't.


Then what are they? I assure you that rich is not the correct word.

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Hey Antonio, what year did the Federal Government take in record revenues?

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Because the "top" is increasingly taking a larger slice of the pie.

Once again, facts are not your friend.

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I propose that we reset all Federal department budgets to 2007-08 levels. Boom. Problem solved.

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He knows that posting the % tax paid by income brackets is bull shite. When all of the income growth goes to the top, then OF COURSE they'll pay a greater share over time - they're making more money!

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Saez releases new inequality estimates every year, along with a summary of inequality trends and levels. The claim that all gains have gone to the top 1 percent of U.S. households comes from his January 2015 summary, where he noted that 91 percent of the income growth in the U.S. between 2009 and 2012 went to the top 1 percent of tax units. But Saez's June 2015 summary updated his data through 2014 and reported that the top 1 percent had received 58 percent of income gains from 2009 to 2014.

While the top 1 percent of households received an outsize share of income growth during the recovery, they also suffered a disproportionate share of income losses during the Great Recession. From 2007 to 2009, real income declined in the U.S., with fully half the decline falling on the top 1 percent. The average income of the top 1 percent was 36 percent lower ($553,000, on average) in 2009 than in 2007. Among the bottom 90 percent, income was 12 percent lower ($4,300).

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