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WASHINGTON
The income gap between the richest and poorest Americans grew last year to its widest amount on record.
New census figures show that young adults and children in particular struggled to stay afloat in the recession.
The top-earning 20 percent of Americans -- those making more than $100,000 each year -- received 49.4 percent of all income generated in the U.S. That's compared with the 3.4 percent earned by those below the poverty line.
Census finds record gap between rich and poor
Even if the release of this was timed, it's still relevant to the midterms and taxes.
Now is not the time to give an additional tax break to the wealthy and super-wealthy.
However, it is a good time to allow tax breaks to corporations to remain in place, so all those poor people can go back to work.
Cool, let's just keep soaking everyone so we're all equally miserable. God Bless America!!
You make up for it later, trust me.Nah I have an advantage of being less miserable seeing as I am single. You married people are on a league of their own. Oh and I don't pay taxes.
Census finds record gap between rich and poor
Even if the release of this was timed, it's still relevant to the midterms and taxes.
Now is not the time to give an additional tax break to the wealthy and super-wealthy.
You make up for it later, trust me.
aren't we now in that period of tax breaks from the bush era ... so why is unemployment so high now if tax breaks to corporations are the means to full employment?
I'm not going to stop paying the house note, that's for damn sure.Only if 2012 is fake.
I'm not going to stop paying the house note, that's for damn sure.
Census finds record gap between rich and poor
Even if the release of this was timed, it's still relevant to the midterms and taxes.
Now is not the time to give an additional tax break to the wealthy and super-wealthy.
I measure rich not by how much I have, but how little I need.
Certainly a lot of us want more than we need, which is a good thing for the economy, UNLESS you are buying your wants using credit.
Living within your means is a good thing...
America's poor are still wealthier then most people living in the world.
America's poor are still wealthier then most people living in the world.
Lamest argument ever...
What ya gonna do.. export you poor to those countries so they become "rich" there?
Unemployment is so high, because of the uncertainty being caused by government legislation and the threat of legislation. Make corporations feel comfortable that they're not going to get hosed with more taxes and bull**** healthcare bills and cap-n-trade and you'll see things start to improve. The unemployment rate has been caused by the government's policies killing jobs.
those high income individuals and businesses, whose wealth is expanding in this down economy, are not hiring because of uncertainty you say
this (notso)great recession was not caused by a boom fueled by artificially low interest rates, greed and failure of public regulation in your view, only the uncertainty of government legislation, increasing taxes and healthcare legislation
let's look at the logic of your surmise
the recession was underway before the health care bill was even being pondered. and its financial impact on business has not yet been felt
taxes are lower than they have been in a half century, causing one to wonder why tax rates are of such heightened concern to businesses
and what federal regulation is on the horizon which would have significant financial implications for business ... and what are those financial implications which are so feared
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