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the recent history of GOP tax cuts show nearly all the income gains are realized only by the very richest

Posted by: slipping jimmy (a.k.a mickpix) on Dec 26, 10:21

https://mobile.nytimes.com/2017/12/26/business/economy/tax-cuts-incomes.html?smid=tw-nytimes&smtyp=cur&referer=https://t.co/kcirtUPF8T?amp=1

The bottom half of Americans fared better under President Bill Clinton, who actually raised taxes. On average, their incomes rose by a fifth over his two terms, after taxes and transfers, a gain of over 2 percent per year, after accounting for inflation. Their lot also improved during President Barack Obama’s administration, census data shows. (The series from the World Wealth and Income Database ends in 2014.)

the recent history of GOP tax cuts show nearly all the income gains are realized only by the very richest slipping jimmy Dec 26, 10:21

"i make enough to probably get a modest cut from the start". - slipping jimmy {nm} TJNFL1 Dec 26, 23:41





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