It's a little early to judge the full impact of the new House budget plan offered by Paul Ryan. While the plan details the taxes it would cut, it doesn't detail the taxes it would increase to keep revenues the same.
But a new analysis shows that the Ryan plan (at least the part that's been announced) would cut taxes for just about everyone, with the top earners getting the biggest tax cuts.
According to an analysis by the non-partisan Tax Policy Center, overall taxes would fall by an average of $3,000 per taxpayer, raising after-tax incomes by five percent.
*** The top one percent of earners – those households making more than $575,000 – would see their taxes fall by an average of $225,000. Those making $1 million or more a year would see an average tax cut of $408,000 a year. *****
hey, that's awesome. a cut and paste from cnbc by an economics phd , who was " a Professor of American Civilization at École des hautes études en sciences sociales in Paris." and admits it.
teaching "american civ" in a french "hautes etudes, accent grave". that is magnifique. tres. a fraud after the sib's own heart, if it had one.
did this bloviating phd see the financial meltdown coming? no, but he's attuned to the subtleties, the nuances of the problem. like the work of the master clown monsiuer lewis, this econ phd deconstructs the meltdown to see the real issue. hautes etudes. magnifique hautes etudes. for all the people.
after all, inferior schools are tres gauche.
lol. you chump.
"Congress should not bail out speculators and fraudulent borrowers.
But neither should it be too quick to condemn families that borrowed
what the lending system offered rather than send their children to