President Obama has done more to help the poor and middle class than any President since LBJ

[hfojvt]

146. what I am saying is this

in 2011, I made $15,814 in wage income.

My payroll tax cut was 2% of that, or $316.28

Now look at a CEO, even a way below average CEO, like the former CEO of Feeding America, Vicky Escarra. She made, according to Charity Navigator, $524,052 in 2011. That is enough to put her in the top 1% even if she is not married.

Her payroll tax cut was 2% of the cap, or about $2,010.

Now, it is true that many of the very, very rich, do not get most of their income in the form of wages, but many of the DO still get over $110,000 in wages. And 2% of $110,000 is much, much greater than 2% of $20,000.

And then there are people in the top 5%. They do get a fair amount of their income in wages.

So I am fairly certain that the numbers from Citizens for Tax Justice ARE accurate, not just because I trust CTJ, but because they match my own calculations.

See page 3, the top 1% gets a much smaller share than the rest of the top 10% (3% versus 23.7%) but the share going to the top 1% is almost as big as the share going to the bottom 20%.

You simply do NOT increase inequality when you give $30 billion in tax cuts to the top 10% and only $4.26 billion to the bottom 20%. In fact, you do quite the opposite.