“Of the total national increase in income in 2012 over 2009, an astonishing one-third went to just 16,000 households, and almost 95 cents of each dollar went to the top 1 percent, while the bottom 90 percent lost ground.” “Johnston analyzed rates of long term average personal incomes as reported by American taxpayers from 2000-2012, adjusting for inflation and population growth. He notes that after twelve years of tax cut mania average real hourly wages are now 6% less than they were in 1972-1973. Less than they were forty years ago. Where did the money go?” Report: Bush Tax Cuts Gutted Americans Incomes 6.6 Trillion Dollars by Dartagnan Daily Kos member Fri Jul 11, 2014 dailykos/story/2014/07/11/1313326/-Report-Bush-Tax-Cuts-Gutted-Americans-Incomes-6-6-Trillion-Dollars?detail=facebook
Posted on: Sun, 13 Jul 2014 01:09:12 +0000
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