Another tax related post. It appears that taxes, in particular, taxes on the top income bracket will be a major topic of debate propaganda for the next year and a half until the next presidential election. Part of the reason is because the tax deal done last December (2010) between Republicans and Obama last December (2010) perpetuated the Bush-era … Continue reading Can We Afford to Raise Taxes On High Incomes? Can We Afford Not To?
The top end of the income distribution has recovered from any ill effects of the Great Recession, but the average worker has not. CEO's in particular saw their compensation increase 27% in 2010, while the workers at the corporations these CEO's "lead" has barely moved. Wonkroom notes: Households across the country are still feeling the … Continue reading CEO’s Pay Grows, Average Worker Pay Stagnates