New Evidence on Taxes and Income
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New Evidence on Taxes and Income         


Author: Tracer Bullet
Date: Sep 15, 2008 22:54

The new Census Bureau data on income and poverty reveal that many of the
economic trends in this country are a lot more favorable than America's
detractors seems to think. In 2007, overall real median family income
increased to $50,233, up $600 from 2006. The real median income for
intact families -- mother and father in the home -- rose to $78,000, an
all-time high.

Although incomes fell sharply in the U.S. after the dot-com bubble burst
in 2000 (and still haven't fully recovered), these latest statistics
reflect a 25-year trend of upward economic mobility. More important,
Barack Obama is wrong when he states on his campaign Web site that the
economic policies started by Ronald Reagan have rewarded "wealth not
work." Based on this false claim -- that the rich have benefited by
economic growth while others have not -- he intends to raise tax rates
on high-income individuals.

*
http://s.wsj.net/public/resources/images/ED-AI168A_Laffe_NS_20080914181615.gif
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3 Comments
Re: New Evidence on Taxes and Income         


Author: Jean Smith
Date: Sep 15, 2008 23:13

In article <86SdnQkRBoWf11LVnZ2dnUVZ_hadnZ2d@insightbb.com>,
Tracer Bullet i.org> wrote:
> The new Census Bureau data on income and poverty reveal that many of the
> economic trends in this country are a lot more favorable than America's
> detractors seems to think. In 2007, overall real...
Show full article (1.52Kb)
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Re: New Evidence on Taxes and Income         


Author: jakdedert
Date: Sep 15, 2008 23:32

Tracer Bullet wrote:
> The new Census Bureau data on income and poverty reveal that many of the
> economic trends in this country are a lot more favorable than America's
> detractors seems to think. In 2007, overall real median family income
> increased to $50,233, up $600 from 2006. The real median income for
> intact families -- mother and father in the home -- rose to $78,000, an
> all-time high.

Let's see, from my high school math, that would be...let's see 600
divided by 50,233, times 100, equals a 1.194%% increase. According to
the BLS <ftp://ftp.bls.gov/pub/special.requests/cpi/cpiai.txt> the CPI
rose 2.5%% last year. How do Rupert Murdoch and the geniuses at The Wall
Street Journal figure that's favorable?



I shoulda' known better than to actually 'read' a borgpost. Fortunately
I stopped in time....

jak
no comments
Re: New Evidence on Taxes and Income         


Date: Sep 15, 2008 23:41

"Jean Smith" bellsouth.net> wrote in message
news:go_termite-FA2004.01135616092008@newsgroups.bellsouth.net...
> In article <86SdnQkRBoWf11LVnZ2dnUVZ_hadnZ2d@insightbb.com>,
> Tracer Bullet i.org> wrote:
>
>> The new Census Bureau data on income and poverty reveal that many of the
>> economic trends in this country are a lot more favorable than America's
>> detractors seems to think. In 2007, overall real median family income
>> increased to $50,233, up $600 from 2006. The real median income for
>> intact families -- mother and father in the home -- rose to $78,000, an
>> all-time high.
>>
>> Although incomes fell sharply in the U.S. after the dot-com bubble burst
>> in 2000 (and still haven't fully recovered), these latest statistics
>> reflect a 25-year trend of upward economic mobility. More important,
>> Barack Obama is wrong when he states on his campaign Web site that the
>> economic policies started by Ronald Reagan have rewarded "wealth not
>> work." Based on this false claim -- that the rich have benefited by
>> economic growth while others have not -- he intends to raise tax rates
>> on high-income individuals. ...
Show full article (4.31Kb)
no comments

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