The Golden Age of Rich People Not Paying Their Taxes “An eight-year [Republican-led] campaign to slash the IRS’s budget has left the agency understaffed, hamstrung, and operating with archaic equipment. The result: a hundred-billion-dollar heist.” I have a friend who works as an examiner for the IRS; he said the same thing: they’re woefully understaffed and can’t prosecute fraud.
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What about the Middle Class?
Posted on Author AlexStone
The title of recent article in Bloomberg Businessweek says it all: Top 1% Got 93% of Income Growth as Rich-Poor Gap Widened. Much of this imbalance in income growth can be explained by looking at where the growth has happened. Big gains in the stock market have buoyed most indexes close to pre-recession levels, but […]