How is mandating a price break on health insurance for this far higher income group at the expense of the lower income group possibly fair?
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That is because in any lower income group, with both an upper and lower bound to the incomes included, the average or mean income will always be much closer to the median.
This becomes especially misleading when comparing the top income group to any lower income group, or to changes in their relative income shares over time, when those income shares are measured by average incomes rather than median incomes.
In that data, the average or mean income of the top 10% of households seems to increase much more from 1989 to 2004 than the average or mean income of the next highest 10%, or of any lower income group.
So in focusing on averages within each income group, the realities of lower income groups will be compared to a misconception of the top income group.
While I agree that more opportunities need to be created to raise the income levels at the lower end, punishing one group of people is not the way to achieve this.
And the effective tax rate on this group is much higher, not lower, than any other income category.
"Whilst the global economy is slowing, and within that the Asian economies are now showing signs of lower growth, the group has delivered a strong third quarter performance with good income growth, " it added.
Former U.S. Rep. Joseph Kennedy II recalled that Chavez and the people of Venezuela donated 200 million gallons of heating oil to the group he heads, Citizens Energy, which distributes oil to lower income families in 25 states and Washington, D.
Also there is some consumer resistance as well: Older, and lower-income consumers in particular continue to value the hand-holding traditional dealerships provide and as a group have resisted "no-haggle" pricing.
In short, this group's share of taxes paid, 30%, is lower than the share of income they earn, 50%.
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