Economics term paper-Income Disparity Review-based on following write up

Apr 8th, 2015
Studypool Tutor
Price: $50 USD

Tutor description

The risingincome inequality since 1980 has become a major concern among many economists around the world.From 1979 to 2007, after-tax income for the top 1 percent of households grew 275 percent; for the bottom fifth it rose 18 percent. The top 1 percent of earners took home 95 percent of the gains in the first three years of the recovery from the 2008 recession. By 2013, the Fed found that the lower half of U.S. households by wealth held 1 percent of the total while the wealthiest 5 percent held 63 percent. Economists have proposed different ways to tackle the rising income inequality in the U.S. One strand of view argues for more progressive tax system in the U.S. That is, to tax the rich more and to give the middle class tax relief. This can be seen from President Obama’s State of the Union Speech in 2015. The president proposes $1.85 trillion in tax increases, with many of the tax increases focused on high-income earners. In particular, the proposal would increase the top...........

Word Count: 7206
Showing Page: 1/28
Term Paper $250 The risingincome inequality since 1980 has become a major concern among many economists around the world.From 1979 to 2007, after-tax income for the top 1 percent of householdsgrew275 percent; for the bottom fifth it rose 18 percent. The top 1 percent of earnerstook home 95 percent of the gains in the first three years of the recovery from the 2008 recession. By 2013, theFed foundthat the lower half of U.S. households by wealth held 1 percent of the total while the wealthiest 5 percent held 63 percent. Economists have proposed different ways to tackle the rising income inequality in the U.S. One strand of view argues for more progressive tax system in the U.S. That is, to tax the rich more and to give the middle class tax relief. This can be seen from President Obama's State of the Union Speech in 2015. The president proposes $1.85 trillion in tax increases, with many of the tax increases focused on high-income earners. In particular, the proposal would increase the top capital gains tax rate from 23.8 percent to 28 percent (37.2 percent in California).1 Moreover, the proposal calls for Implement the Buffet Rule, or "fair share tax," a 30 percent minimum tax on high-income earners.The other strand of view questions the effectiveness of more progressive tax system in dealing with the rising inequality. For example,Edward D. Kleinbardin theNew York TimesandCathie Jo Martin and Alexander Hertel-Fernandezat Voxargue that focusing on progressi

Review from student

Studypool Student
" all I can say is wow very fast work, great work thanks "
Ask your homework questions. Receive quality answers!

Type your question here (or upload an image)

1822 tutors are online

Brown University





1271 Tutors

California Institute of Technology




2131 Tutors

Carnegie Mellon University




982 Tutors

Columbia University





1256 Tutors

Dartmouth University





2113 Tutors

Emory University





2279 Tutors

Harvard University





599 Tutors

Massachusetts Institute of Technology



2319 Tutors

New York University





1645 Tutors

Notre Dam University





1911 Tutors

Oklahoma University





2122 Tutors

Pennsylvania State University





932 Tutors

Princeton University





1211 Tutors

Stanford University





983 Tutors

University of California





1282 Tutors

Oxford University





123 Tutors

Yale University





2325 Tutors