[Vision2020] Income gap grows among U.S. workers

[Donovan Arnold]

This why I say we need a tax system that doesn't tax on the first $30,000 of income per earner and 25% on every dollar over that.
 
Donovan Arnold

From: Art Deco <deco at moscow.com>
To: Vision 2020 <Vision2020 at moscow.com>
Sent: Friday, October 21, 2011 12:04 PM
Subject: [Vision2020] Income gap grows among U.S. workers


BRIEFCASE 


Income gap grows among U.S. workers

WASHINGTON– Fifty percent of U.S. workers earned less than $26,364 last year, reflecting a growing income gap between the nation’s rich and poor, the government reported Thursday.

There were fewer jobs, and overall pay was trending down – except for the nation’s wealthiest. The number of people making $1 million or more soared by more than 18 percent from 2009, the Social Security Administration said, citing payroll data based on W-2 forms submitted by employers to the Internal Revenue Service.

Despite population growth, the number of Americans with jobs fell again last year, with total employment of just under 150.4 million – down from 150.9 million in 2009.

Associated Press 


_________________________
Wayne A. Fox
wayne.a.fox at gmail.com

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