Obama didn’t cause crisis Apr 20, 2009
Beth wrote on Apr 19, 2009 11:01 AM:" Marie, Your statement that federal tax policy changes implemented during the Reagan administration resulted in a shift in federal tax burden away from folks at the top of the income distribution to those in the middle is inconsistent with the facts. I'm including links to tables from the Congressional Budget Office covering the period 1979-2006. The first table in the first link shows the share of total federal taxes (individual income taxes, excise taxes,... (Logan Herald Journal, UT)
Future flushed down sewer Apr 4, 2009
In 2006, the bottom two quintiles (40%) of the income distribution paid no federal income taxes in the aggregate ... In that year the bottom two quintiles of the income distribution was estimated to 'receive" 55.6% of federal expenditures. The 3rd quintile was estimated to receive 16%. So if we assign half of that 16% to the 41-50 percentiles, our estimate would be that the bottom half of the income distribution received about 63.6% of federal expenditures. In 2006, the bottom half paid about 3%... (Logan Herald Journal, UT)
How the tax burden has changed since 1960 Apr 3, 2009
Treasury relies less on excise, corporate taxes, more on high-income people. A year ago on the April 15 filing deadline, taxpayers stood in line to mail their tax returns at the James A. Farley Main Post Office in midtown Manhattan. (MSNBC -- Politics)
Red Meat Raises Death Risk Mar 25, 2009
They divided the volunteers into five groups, called quintiles ... The quintile who ate the most red meat had a higher risk for overall death, death from heart disease and cancer than the men and women who ate the least red meat ... "For overall mortality, 11 percent of deaths in men and 16 percent of deaths in women could be prevented if people decreased their red meat consumption to the level of intake in the first quintile," Sinha's team wrote. (Newsmax)
ECONOMY: Consumer survey showed growing debt preceded crash Feb 25, 2009
Income also rose by about 600 a year for Americans in the second wealth quintile, a statistical slice of the population who are less wealthy than 60 percent of other Americans but have more than the poorest 20 percent. Middle- and some working-class families made out much better in terms of wealth because of a booming real estate market in those years. (North County Times)
