Sunday, February 24, 2013

Study: Capital Gains Tax Cuts makes income equality worse

The Rich get Richer and the Poor get Poorer has been traced to the Capital Gains Cuts.

The rise in income inequality is due more to changes at the top of the income distribution than at the bottom. While income for all Americans grew 25 percent from 1996 to 2006, it grew 74 percent for the top 1 percent and 96 percent for the top 0.1 percent. A large part of this was again driven by continuous cuts to income and capital gains taxes.

http://www.alternet.org/economy/new-study-shows-capital-gains-tax-cuts-biggest-contributor-income-inequality?akid=10103.294211.y6SAxz&rd=1&src=newsletter799467&t=17

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