The war that started a quarter century of pointless American wars
The Congressional Budget Office recently updated its analysis of changes in before-tax and after-tax family income. In some ways the new analysis showed a brighter picture for middle income families than other work highlighting stagnation. Focusing on the middle quintile of households with children, the new CBO analysis showed a gain in before-tax income of 25.2 percent from 1979. The gain in after-tax, after-transfer income was 46.7 percent. This may not amount to huge gains over a 31-year period, but it is not zero.
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