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Phil Gramm’s Followers (7)
Phil Gramm
More books by Phil Gramm…
“The genius of the American system is that we have created extraordinary results from plain old people.”
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“The federal personal income tax was the largest tax payment, with top-quintile households paying an average of $54,006, while the bottom two quintiles paid no federal income tax at all, in part because the Earned Income Tax Credit and the Child Tax Credit offset any income taxes that they would have otherwise owed.”
― The Myth of American Inequality
― The Myth of American Inequality
“homes. In this book, we will show how claims that real hourly earnings and real median household income have stagnated in postwar America and that the poverty rate has remained unchanged for fifty years are solely the result of a failure by the statistical agencies of the American government to count most transfer payments as income and to use the most accurate available price indexes to adjust for inflation. Every significant measure of economic well-being expressed in terms of dollars is higher than the official measure shown in government statistics.”
― The Myth of American Inequality
― The Myth of American Inequality
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