Deadbeat Nation - W.C. Varones

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7.16.2012

Deadbeat Nation

4 comments:

Anonymous said...

A swing of merely 19 basis points over 33 years (from +14% in 1979 to -5% today) doesn't really seem that large.

It's only notable because it goes from positive to negative.

W.C. Varones said...

That's not 19 basis points; it's 19% (1900 basis points).

And that's a lot of money. The median household income is around $50,000.

So that's a swing from paying $7000 a year to receiving $2500 a year for the median household. That's a big deal.

cm said...

Holy mackerel that first comment is terrifying, even leaving aside the usage of terms s/he doesn't understand.

lady di said...

sigh............when 50% of Americans pay no federal taxes it's over










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