Tag: top 1%
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Economics Links
1. Huffington Post: Financially Speaking — Are We an Illiterate Nation? … Champlain College's Center for Financial Literacy released its '2013 National Report Card,' which quantifies what states are doing to promote financial literacy in the classroom. Only seven of 50 states surveyed came away from the study with an "A" rating. That's right, a…
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The Myth of the Monolithic 1%
The top 1% versus the 99% is again emerging as a popular topic. I wonder how many people genuinely reflect on who makes up the 1%. I believe many people see the 1% as a highly cohesive static population segment. It isn't. Social scientists use two different types of analysis when analyzing data about populations.…
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Tax Burden of Top 1% Now Exceeds That of Bottom 95%
Tax Foundation: Tax Burden of Top 1% Now Exceeds That of Bottom 95% Newly released data from the IRS clearly debunks the conventional Beltway rhetoric that the "rich" are not paying their fair share of taxes and disproportionately benefited from the Bush tax cuts. Indeed, the IRS data shows that in 2007—the most recent data…