The Real Cliff of Concern – Loss of the Middle Class
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January 5, 2013 - 4:49am
Written by Steven Hansen
A recent Chart of the Day entitled "The 5% Of American Households That The Fiscal Cliff Debate Is Really About" got me thinking - is the problem "really" that the rich are taxed too little?
"Compare the income thresholds [that were] being debated in fiscal cliff negotiations with the actual income distribution," said Justin Wolfers. The chart shows that at least 95% of American households will not be affected as Washington decides on whether to raise taxes on those with incomes higher than $250,000, $500,000, or $1 million. [the actual number was $400,000 / $450,000 married]
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January 5, 2013 - 4:49am
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