Bottom Fifth News Today

Brewing in britain. one that might prove even more damaging. eight years ago, the united kingdom instituted an austerity policy, a series of deep cuts to public spending to respond to a large and growing budget deficit. the results were the subject of a report released reasonable by phillip austin, the u.n. special repertoire on extreme poverty. he exhaustively catalogs the toll these policies took and his numbers astound. homelessness shot up 60%. the number of rough sleepers, the people compel...

Look at what the congressional budget office, a non-partisan government agency says would be the impact of your policy. currently, the bottom fifth of households, in terms of their income in the u.s., pays an average federal tax rate of 2%. while the top fifth pays an average federal tax rate of 21%. again, if your flat tax is somewhere between 10 and 15%, just looking at that statistic, the bottom gets hit while the top makes out. >> okay. well what we have to think about, chris, is how do we f...

Most income inequality in the country. the bottom fifth of connecticut households saw their income decrease by over 4,000 between 1989 and 2006. that is even before the recession hit. the law is expected to raise pay for over 200,000 workers in the state, or about 15% of the work force. after the break, from a living wage to a champion of workers rights, alex speaks with rosario dawson and america ferrera, stars of the new film honoring the life and work of cesar chavez. next. but first, hampton...

Poor are basically nil. this is still a wide open country, with opportunities there for people to grasp. bill: you make the point, you argue that if you do those three things, youre chances of being successful are greater, and you have less of dependency on government in the first place. >> correct. if you get a college degree, put aside just graduating from high school which is very important, if you get a college degree and start out in bottom fifth of income in this country, the chances of yo...

The top fifth of income earners who make about $101,000 or more, according to the census. this group gets 51% of all tax breaks, says a report from the nonpartisan congressional and budget office. now, the bottom fifth of income earner, who make $20,000 or below, they just get 8% of all the tax breaks. now the main tax breaks also have the lowest costs. one is the child tax credit. on the flip side, the big cost tax breaks benefit top earners the most. employer sponsored health insurance, the la...

Tax nor payroll taxes are low income people elderly, unable to work due to serious disability, or students, most of whom subsequently become taxpayers. and when all federal state and local taxes are taken into account, the bottom fifth of households pays about 16% of incomes in taxes on average. in other words, most of the bottom fifth of american households pay a higher tax rate than mitt romney. here is the best part. how do states with the highest percentage of nonfederal income taxpayers ten...

47% of americans are not paying income tax and i guarantee you those who would be made citizens via amnesty would also be in the income range where they wouldnt be paying any taxes. >> the politics of the 47% are back, and this time it is over immigration. before we talk about what exactly is so wrong with the limbaugh position on immigration, lets remind ourselves just who is in the 47%. most of the 47% pay payroll taxes and most of the people that pay neither federal income tax nor payroll tax...

Of television, worldwide cable, internet, all of these things make very few people very valuable. and this is not getting across. the economics of capitalism have changed with the technology that makes success so pervasive. >> i agree with that but there is a very important point thats lost in this. they divide the country into the top fifth middle, middle and bottom fifth. the liberal groups say top fifth has gotten richer and the bottom fifth has dropped or stayed the same. new bottom fifth. t...

Look at what the congressional budget office, a non-partisan government agency says would be the impact of your policy. currently, the bottom fifth of households, in terms of their income in the u.s., pays an average federal tax rate of 2%. while the top fifth pays an average federal tax rate of 21%. again, if your flat tax is somewhere between 10 and 15%, just looking at that statistic, the bottom gets hit while the top makes out. >> okay. well what we have to think about, chris, is how do we f...

Internet, all of these things. they make very few people very valuable, and this is not getting across. the economics of capitalism have changed with the technology that makes success so pervasive. >> i agree with that, butt theres a very important pointlo thats lost in this.th they divide the country into thl top fifth, middle, middle, middle, bottom fifth.te the middle groups say the top 5th has gotten richer and the bottom 5th has stayed the same, but its a new bottom fifth. they did a study ...