The Obama Administration’s Idea of Family Income

When the Obama Administration speaks about the top 1% of wage earners in this country and their domestic income, they are wrong in making comparisons and interpretations of official family income statistics of the 1980s.

Their 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. Perhaps kids are also part-timers.

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