Obama Doing His Part On Inequality
The chart here explains who would win and who would lose under the proposals in President Obama’s State of the Union address.
The bottom 20 percent would see their after-tax incomes grow by around 1.2 percent, while people in the top 20 percent would receive -0.7 percent less.
Congress (sadly, in a bipartisan fashion) has already killed one proposal to address inequality, I’m not optimistic about the fate of the others.
Click here for reuse options!Copyright 2015 Liberaland
By: Stuart Shapiro
Stuart is a professor and the Director of the Public Policy
program at the Bloustein School of Planning and Public Policy at Rutgers
University. He teaches economics and cost-benefit analysis and studies
regulation in the United States at both the federal and state levels.
Prior to coming to Rutgers, Stuart worked for five years at the Office
of Management and Budget in Washington under Presidents Clinton and
George W. Bush.
12 responses to Obama Doing His Part On Inequality
Leave a Reply
You must be logged in to post a comment.
John Tarter January 30th, 2015 at 11:48
It’s not Obama’s business to be doing anything about inequality in this nation when it concerns money and who has it and who doesn’t. His job is the run the affairs of the nation in accordance with the Constitution and make sure that everyone abides by the same laws.
John Tarter January 30th, 2015 at 12:48
It’s not Obama’s business to be doing anything about inequality in this nation when it concerns money and who has it and who doesn’t. His job is the run the affairs of the nation in accordance with the Constitution and make sure that everyone abides by the same laws.
fancypants January 30th, 2015 at 16:22
it looks good to me
fancypants January 30th, 2015 at 17:22
it looks good to me
bahlers January 30th, 2015 at 17:31
And when the poor stay poor and the “wealthy” stay wealthy, will he want to take more? How much is “fair”? How much should the “rich” be paying in effective taxes, after all deductions are taken? What proportion of federal tax dollars should be coming from the top earners?
cecilia January 30th, 2015 at 22:21
why should a middle class person pay 28% while a super rich person pays about 13%??
do those bastard rich really need that extra 5th car?
Uninvited Guest February 5th, 2015 at 14:06
Why should a middle class person pay 28% and a lower class person pay negative 28%? I think that is a more relevant question.
bahlers January 30th, 2015 at 18:31
And when the poor stay poor and the “wealthy” stay wealthy, will he want to take more? How much is “fair”? How much should the “rich” be paying in effective taxes, after all deductions are taken? What proportion of federal tax dollars should be coming from the top earners?
cecilia January 30th, 2015 at 23:21
why should a middle class person pay 28% while a super rich person pays about 13%??
do those bastard rich really need that extra 5th car?
Uninvited Guest February 5th, 2015 at 15:06
Why should a middle class person pay 28% and a lower class person pay negative 28%? I think that is a more relevant question.
Spirit of America January 31st, 2015 at 06:22
The tax code is sooooooooo convoluted and messed up, these numbers mean squat, as do any other numbers that come out anymore.
Spirit of America January 31st, 2015 at 07:22
The tax code is sooooooooo convoluted and messed up, these numbers mean squat, as do any other numbers that come out anymore.