Tag Archives: Income Growth

Lessons from a Half Century of Federal Individual Income Tax Changes

This chart shows how income tax liabilities have changed each year for the five income quintiles over the past half century. ┬áHere are a few things to notice: We love cutting income taxes. Almost all of the changes are tax … Continue reading

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David Leonhardt on a Decade of Income Stagnation

Leonhardt covers a very important issue that hasn’t gotten enough attention in the presidential race. The solutions aren’t easy and the stakes are huge. You really should read it. Source: NYTIMES

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SCF data show ~40% decline in Median Net Worth from 2007-2010

New SCF data came out today, which show dramatic declines in both real incomes and net worth through Great Recession. Median real incomes fell roughly 8 percent. Mean incomes fell by more, likely reflecting capital gains losses from higher income … Continue reading

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