The Obama Administration’s Interpretation of Family Income

When the Obama Administration speaks about the top 1% of wage earners in this country and their domestic income, they make comparisons and interpretations of official family income statistics going back to the 1980s and beyond.

But in doing so, they make a major error.

The argument does not consider that families have changed. Twenty, thirty years ago, there may have been just one worker in a family, where today, husbands and wives more likely work. And perhaps kids. who are at least part-timers.

So families may have two and perhaps more small income providers. They could add to a sum of income that may class them as so-called “rich” by the Obama Administration.

And, therefore, members of the privileged group the Obama Administration is ready to heavily tax.