Gender Inequality In The Civil War
richer, while the poor get poorer”, is a statement that should be examined by looking through the past.
In 1981, when Reagen took office, multi-millionaires were paying 37% of their income in taxes. Since then, it has dropped to 31%, and as taxes of the rich come down, their shares of wealth and income soar (Peach and Freedom Party, n.d.). Emmanuel Saez, an economics professor at UC-Berkeley, has been researching the U.S income inequality and the increase since the 1970’s (Desilver, 2013.). Saez uses tax-return data from the IRS, which has a income-distribution dataset which goes back about 100 years (Desilver, 2013.). Past data found that in 1928, the top 1% of families were getting 23.9% of pretax income, and the bottom 90% were getting 50.7% (Desilver, 2013.). Following the depression and WWII, the income distribution had changed and by 1944 the top 1% was down to 11.3% and the bottom 90% were getting 67.5%, which would remain for a few decades to come (Desilver, 2013.). These numbers may seem confusing at first, but what should be taken into consideration is the changing times, which consisted of war, and war can be very expensive, and changes had to be made in order to make sure America would be able to survive.
As of recent, by 2012, the top 1% are receiving almost 22.5% of all pretax income, and the bottom 90% share is below 50% (Desilver, 2013.). But today, there are many tax loopholes that can assist the rich in getting richer, while the poor stay poorer. Capital…