Middle Class Treated Fairly?
Who Pays for Government Safety Net
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1. Effective Corporate Tax Rate Down

2. Corporate Profits and Tax Payments Up, Effective Income Tax Rate Down Up

3. But Corporate America's Total Tax Share Down By 27%

Corporate Profit Share Up Lots, Wages Share Way Down Lots











Prelude: Class Structure Must Be Defined
Upper Aristocracy, Really Wealth People
Upper Middle Very Successful Professionals and  Business Owners
Middle Middle Successful Professionals and  Business Owners
Lower Middle Low Paying White Collar Service Workers
Lower Laborers, Part Time and Unemployed








1. Effective Corporate Tax Rate Down

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2. Corporate Profits Up 1.2 Trillion Dollars
Income Tax Payments Up 300 Billion Dollars So Corporate America Paid More
Income Tax Rate Down from 29% to 19%



3. But Corporate America's Total Tax Share Down By 27%



Corporate Profit Share Up Lots       Wages Share Way Down Lots











US Workers Contribute Much to Corporate Revenues




Wage "Compensation" Down About 15%



US Labor Costs Are Low


More Than Most Competitors










Most Foreign Companies Pay More




            See  Why is Poverty So Controversial?












Workers Contributing is Down

Social Security’s main programs, the Old-Age and Survivors Insurance and Disability Insurance programs (OASDI), expanded to include more beneficiaries. As American society is aging, the number of covered workers per OASDI beneficiary has steadily fallen. OASDI is facing persistent deficits and must be reformed before it becomes insolvent in 2034.http://federalbudgetinpictures.com/social-security-recipient-worker-ratio/  Editor's Note: To some degree this problem will self correct as Baby boomers die.













large and increasing share of medical costs are paid by third parties (private health insurance, Medicare, Medicaid, Department of Veterans Affairs, etc.) and only a small and shrinking percentage is paid out-of-pocket by consumers



2. Chart of the Day II (above) shows aggregate spending in the US on “life’s basics” — a) food, b) clothing, c) cars and parts, d) household furnishings (appliances, furniture, etc.), e) housing expenses and utilities, and f) gasoline and other energy products (data here), as a share of US personal disposable (after-tax) income (data here). Consider that back in the “good old days” of the 1950s, Americans as a group spent more than 50% of after-tax income on “food, clothing, and shelter,” and before that it was even higher. Over time, as manufactured goods have become less expensive relative to our income, the share of disposable income spent on “life’s basics” has fallen, and reached an all-time low last year of slightly below 34%. We can always find a lot to complain about, but we should be thankful that as a country we now spend less of our disposable income on “food, clothing, and shelter” than at any time in US history.











Precipitous Slip in Services Sector

Source: Bureau of Labor Statistics; Allianz Global Investors.
As of February 29, 2016.



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Table 2
Life Expectancy at Age 65, Men

  Bottom Half of Earnings Distribution Top Half of Earnings Distribution
1987 15.3 years 17.5 years
1992 15.5 years 18.5 years
1997 15.7 years 19.6 years
2002 16.0 years 20.6 years
2006 16.1 years 21.5 years
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Infographic: The UK trails Europe in holiday allowance | Statista

Wealthy pay more in taxes than poor


The U.S. tax system is progressive, with higher-income taxpayers facing higher tax rates