Income Distribution United States

I explain everything you'd ever want to know about income distribution in America.

How much people make
What taxes they pay
What they spend their money on
How the wealthiest are able to avoid taxation
Income and taxation of corporations and Billionaires in the United States

Article Here: http://goo.gl/JORoC

Category:

Education

Tags:

• US Taxs
• Taxs
• Income Inequality
• america
• billionaires
• 1 percent

[bocanutz]

You say "allocated" as if some guy at the top hands out dollars unevenly to whomever he wants.

[derekbanas]

@bocanutz The government makes it easy for large corporations to increase their incomes by providing them with lax regulations. Meanwhile the vast majority of tax payers have to pay for the pollution, infrastructure damage, etc. that comes from these lax regulations. All the worlds people have paid dearly for the lack of financial regulation

[famousjennies]

Hi, I really like your videos on finance and economics. You present the material very well and make it easy for people to understand with real facts. (Meaning, no spin!) I found data saying that 1953 was the year with the lowest average unemployment rate (2.93%). I'd be interested in seeing a video that looks at the socio-economic climate of that year. So that's my suggestion for your next project, hehe! Thanks again and keep up the good work here! :)

[derekbanas]

@famousjennies I do my best to get reliable information. Tons of data can be found at the bureau of labor statistics. No left wing reporter would say the bottom 50% pay 3% in fed income tax. No right wing reporter would say the top .1% pay 11%. I think the main problem is that politicians work for those who fund their campaigns. That means if you're not rich or in a union you don't matter. If the top 5% are rich and another 11% are in unions that leaves 84% with nothing

[bishopTh3android]

sobering statistics, your effort and research is very commendable and I appreciate the lesson on a topic I mostly ignored because I was pretty sure I wouldnt like the results. All people can really do is what you are currently doing, which is educating the masses. Thanks for all the work and good luck in the future.

[derekbanas]

@bishopTh3android What is really scary is that most of this information was based on 2008 data. I choose it because it is highly reliable. When the new federal reserve board survey of consumer finances comes out in 2012 we'll really see the damage that has been done. The shame is that if just eliminated corporate and PAC contributions and modeled ourselves after the best of the German model we would get amazing results. That's why we must force both parties to do the right thing

[derekbanas]

@Rockforce80 It took over 30 years and 6 presidents to create this mess. It will take a long time to fix

[Rockforce80]

@derekbanas

I agree with you on all points there. Wish I had more to say.

Cheers

[derekbanas]

@ratunkupolicja I watched the first 3 parts. I wish it was more detailed. I have the stats on service industry jobs in 1950: 28% vs 2008: 44%. Manufacturing 1950: 38% vs. 2008: 18%. I agree a vast majority of these jobs could be replaced by machines except for those that deal with the elderly. Dramatic changes should have occurred in society as a whole. One problem is that psychologically people resist change after age 50. There are very few sub 50 year olds in government :)