New estimates from the Congressional Budget Office reveal that a recently proposed bill will have a significant impact on household incomes across different income groups. Over the next decade, the bill is projected to increase the after-tax incomes of the top 10% of American households by an average of 2.3% annually. In stark contrast, the same bill is expected to decrease the incomes of the poorest 10% by 3.9% each year. This unusual distribution of income effects sets the bill apart from typical tax cut packages, which rarely result in such a significant disparity between the rich and the poor.
ᴛᴏɴʏ ᴏꜰ ʟᴀɢᴏꜱ
@T_sznn
·
Jun 4 Extremely poor: 50k-100k
Poor: 100k-900k
Comfortable: 1-5M
Rich: 5-15M
Super Rich: 15-30M
Filthy Rich: 30-50M
Wealthy: 50m and above
What stage are you in right now??
Marko
@rltysimplified
·
Jun 14 This what people who don’t know how to critically think don’t understand. It is WAY EASIER to be on the bottom than on the top. Top is where your self-mastery becomes exposed. Bottom is where you can hide from your own self. Top exposes you to yourself.
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