inequality

3 Years of Economic Growth – Are You Feeling The Prosperity?

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The chart below shows that the American economy, based on the latest GDP data, has been growing consistently higher for the last three years. Coupled with the stock market reaching new highs one may argue that America has found its groove again and that we are back on the yellow brick road to prosperity. Sadly, […]

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The 10 Largest Tax Breaks In The Income Tax system

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The Congressional Budget Office (CBO) has published an interesting report titled, The Distribution of Major Tax Expenditures in the Individual Income Tax System, that shows how 10 of the largest tax breaks, credits and deductions are distributed across household with different income levels. These tax breaks (or tax expenditures as they are referred to) include, […]

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The Rich Get Richer and The Poor Get Poorer – An End to The American Dream?

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The graphic and data below from Bloomberg provide a stark reminder of how divergent income growth in America has been. A particularly timely topic during an election year where income inequality has had such a significant focus. The underlying data, showing a fall off in average family income, challenges the very notion of the American dream where each generation does […]

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