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Jessica Olsen

Poverty In America - Business Insider - 0 views

  • Eric Platt
  • 46.2 million Americans are under the poverty line — that's 15.7 percent of the country
  • 1-in-15 American households earned less than $11,406, the second highest percentage since 1967
  • ...2 more annotations...
  • Median household incomes fell 1.5 percent to $50,100
  • The bottom 10 percent of earners made the same amount of money in 2011 as they did in 1994
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    Short article highlighting the census bureau's latest statistics on poverty. Links to charts from the CB. Gives a list of statistics on poverty in US.
Jessica Olsen

Another Argument For Buffett Rule: Fairness Among The 400 Richest - Forbes - 0 views

  •  According to that brief, over the last 50 years, the average effective tax rate for the top 0.1% (including both income and payroll taxes) has fallen from 51% to 26%, while the middle quintile’s average burden has risen slightly from 14% to 16%.
  • t is unclear, however, if the fairness issue is the political winner the White House believes it to be.  According to a new poll of independent voters in swing states commissioned by Third Way, a centrist Democratic group, an “opportunity” theme resonates with these voters more than a “fairness” argument does. When given a direct choice in the poll, 51% preferred a candidate who emphasizes “an economy based on opportunity” while only 43% opted for one who pushes “an economy based on fairness.” The report notes: “Swing Indepen
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