Archive for the ‘Income’ Category

Another Dubious Fact Check

June 6th, 2012

Important Update: I mistakenly wrote that PolitiFact rated this as “mostly true” when their actual rating was “half true,” so they were a bit more critical than I thought.  MY BAD.  Still, it should have been rated “mostly false.” As I’ve said before, I’m all for these fact checkers taking a close look at the… Read more

Underemployment and College Grads: Is There a Wage Premium?

May 17th, 2012

I keep seeing this statistic that large percentages of young college graduates—around half–are un- or underemployed.  This doesn’t surprise me, in that the downturn has been tough on young people in general, though those with college educations certainly have a leg up on those without. The rhetoric around this part of the debate, especially in… Read more

What’s Fair? Five (or Six) Principles of Tax Fairness

April 17th, 2012

This word “fairness” keeps coming up around tax day, particularly in discussions around the Buffett rule. Many have questioned what I and others mean by “fair.”  I’ve got five answers.  A fair tax system should be: 1)      Progressive: those with more income pay a larger share of it in taxes; 2)      One that doesn’t exacerbate… Read more

Minimum Wage and the Family Budget

March 19th, 2012

Nice bit of analysis here on how far the minimum wage goes doesn’t go relative to “Fair Market Rents” (about the 45th percentile of the rental distribution in each area)—h/t: RK.  A more nuanced view would include the Earned Income Tax Credit, a critically important wage subsidy for working parents with low-incomes that can add… Read more