Increase Taxes on Poor and low income families, Cut Taxes on the Wealthy — The Ryan Plan

Incomes have declined in the past 10 years (see below for 25 years data). The median income of families is now just under $50,000/year. That means half of American families live on less than $50,000 and the great majority on not much more than that. This from the Daily Kos.

Yet Ryan in his budget proposal wants to balance the budget by increasing taxes on this group (those with incomes under $50,000) while decreasing taxes on those whose incomes and wealth have increased dramatically in this era (incomes over $125,000)

Medicynical Note: It’s enough to make a medicynic cynical.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s