News for hackers. Stuff that matters.

A comment on US Income Inequality: All for the Top 1%.

Re:US Income Inequality: All for the Top 1% by tomtemplate on Tuesday August 22, 2017 @10:42AM (#15072841)
"Most Americans would look at these charts and conclude that inequality is out of control. The president, on the other hand, seems to think that inequality isn’t big enough."

Would nobody else reading this want some further information to back up this statement? Its a shame it wasn't nearer the beginning of the article as I could have stopped reading earlier.

[ Parent | on HN ]
Re:US Income Inequality: All for the Top 1% by KZeillmann on Tuesday August 22, 2017 @10:45AM (#15072882)
It's literally in the preceding paragraph. Notes about how the proposed healthcare law was essentially a transfer of wealth from the poor to the rich, how the proposed tax cuts mainly benefit the richest Americans, and plans to cut school funding.
[ Parent | on HN ]
Re:US Income Inequality: All for the Top 1% by tomtemplate on Tuesday August 22, 2017 @11:38AM (#15073450)
"how the proposed tax cuts mainly benefit the richest Americans"

Did you gather this view from reading the tax reform?

https://assets.donaldjtrump.com/trump-tax-reform.pdf

[ Parent | on HN ]
Re:US Income Inequality: All for the Top 1% by mcguire on Tuesday August 22, 2017 @12:17PM (#15073856)
"If you are single and earn less than $25,000,... you will not owe any income tax."

In 2016, if you were single and made $25,000 your tax was $3290. The standard deduction for singles is $6300. Is there a trick here?

[ Parent | on HN ]
Re:US Income Inequality: All for the Top 1% by KZeillmann on Tuesday August 22, 2017 @03:48PM (#15075750)
End of the estate tax, end of the AMT, moving the top tax bracket from 39.6% to 25%, to start.
[ Parent | on HN ]
Re:US Income Inequality: All for the Top 1% by wahlis on Tuesday August 22, 2017 @11:25AM (#15073304)
You do not agree with the conclusion / opinion so therefore you will not consider the facts?
[ Parent | on HN ]
Re:US Income Inequality: All for the Top 1% by refurb on Tuesday August 22, 2017 @10:53AM (#15072960)
It's an interesting comment in the article considering the data analyzed has zero overlap with the time Trump has been president.
[ Parent | on HN ]