Access to investment financing is a much bigger issue for low earners than for high earners.
The Reagan tax reform essentially ended income taxes for the lower half of earners.
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Once the Democrats have raised taxes on high income earners, they are out of bullets.
In the graphic below, a breakdown of wealth for some of the top earners in sports.
In exchange for the income tax (on high-earners), Congress would lower the tariff by 38%.
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Asking about the gap between high and low income earners is at best an incomplete question.
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Besides, most American households, even those with two wage earners, now suffer from depressed median incomes.
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Income for the bottom 20% of income earners has declined by a similar amount.
On average, the lowest earners save enough in taxes to buy gas for three months.
Lower income earners making minimum wage are watching their paychecks rise by 10% or more.
By contrast, the bottom 40% of income earners as a group paid no federal income taxes.
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Lower earners who can foresee a windfall will often benefit from planning, notes Mr. Lewis.
The top 5% of income earners paid 27.9% and the top 1% paid 29.5%.
Low-earners are helped most by those refundable credits, such as the earned income and child credits.
The final bill solved that problem by potentially requiring high-earners repay any excess tax savings.
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If they remove the cap, the combined federal tax rate for high-income earners will approach 50%.
All three movies ended up among the top 10 box office earners for 2010.
In 2000, high earners paid, overall, 26% of their AGI in federal income tax.
In New York, the top 1% of income earners pay 41% of all state income taxes.
Class warriors eagerly compare the relative performance of wage earners in various income brackets over time.
Excluding capital gains, the top 10% of earners captured a near-record share of income in 2010.
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Holland has three years left on his contract and is one of Ipswich's highest wage earners.
We face the risk of taking our most promising entrepreneurs and turning them into underemployed wage-earners.
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The top fifth of American earners get 84% of their income from wages and salaries.
By contrast, the average number of earners in the top fifth of households was 2.0.
Yet a key issue will be whether the extension applies to upper income earners.
True, federal income tax rates are progressive, with rates going to 35% for the top earners.
But deductions and special treatment of capital gains reduce actual tax rates for the top earners.
The second biggest expense for America's top-earners is transportation, accounting for 17% of spending.
Many higher earners work harder or take additional risks, rewarded by higher after-tax returns.
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