#TaxCutsandJobsAct 4 Dummies
🔴top 25% making $80K ⬆️ took 69% of all income, paid 87% of inc tax
🔴top 1% making $465K ⬆️ took 20% of all income, paid 40% of inc tax
🔴top 1% paid more inc tax than bottom 90%
🔴top 1% paid $543 billion, The bottom 90% paid $400 billion
Okay, given that today's news cycle will be crappy/crazy, here are some pieces of music to put you in a better place (cc @jpodhoretz):
1. Mozart, Flute and Harp Concerto in C, Second Movement
2. Brahms Piano Concerto No. 2, Third Movement
3. Beethoven's Cavatina op. 130
@chigrl Guys, it worked really well with mortgages in 2007, but this time it’s even better because if the the ABS fail, the underlying collateral are many humanities and liberal arts degrees which can be repossessed and resold at garage sales