Tuesday, March 03, 2015

Don’t believe the leftist chefs cooking the economic soup with jiggered figures about the suffering middle class

“Measured in 2013 dollars, after-tax median income rose briskly from $46,998 in 1983 to $70,393 in 2008 but remained below that 2008 peak in 2011. The sizable increase before 2008 is partly because the average of all federal taxes paid by the middle fifth has almost been cut in half since 1981—from 19.2% that year to 17.7% in 1989, 16.5% in 2000, 13.6% in 2003 and 11.2% in 2011.” Because people have lost income under Obama, he wants it to look like a 40 year tradition. Nonsense.


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