The median American family income in 2009 was $49,777, not statistically different from the 2008 median according to the U.S. Census Bureau. (Arithmetic Median Definition: Median is the middle value of the given numbers or distribution in their ascending order.) The U.S. Census Bureau also reports that 43.6 million people in 2009 were defined as being in poverty.
However over 1% of the population has earnings of more than $250,000 per year. That is more than 3 million people. The GOP obtained extension of Bush income tax cuts for that group. Even worse is capital gains are taxed at 15% while salaries are taxed on a graduated tax scale. Thus a family earning taxable income of $212,300 – $379,150 is in the 33% tax bracket.
Representative Paul Ryan is the Un-Robin Hood.
Coast Contact 