The Truth of the Modern Recession: Root Causes and Reliable Solutions

by Feinberg, Alec

• ISBN13: 9780615315294
• ISBN10: 0615315291
• Format: Paperback
• Copyright: 2009-10-26
• Publisher: Booksurge Llc

Summary

(Wholesaler: Baker and Taylor)#13; Description:#13; The more money one makes the higher the tax bracket, except after 2,950 (for 2009) where the tax bracket stops at 35%. A person who makes Billion in a year is in the same bracket as one who makes 2,950! However, the top 1% to 5% of the wealthiest individuals in the 35% bracket (some who made Billion or more in a year) actually averaged paying only a 20% tax rate (in 200 6)! In 2010, the estate tax will be abolished. Such loss of taxes and fiscal irresponsibility are reasons for U.S. job cuts, hoarding, and national debt increases. They contribute to an unreliable economy and are a part of the Truth of the Modern Recession. This is the first book of its kind to use reliability economics, an easy to understand approach for the layman to help identify these and other root-causes, also an approach that economists should use. Investigated are: job loss, free trade, deficit, hoarding, GDP fall, war, housing, lobbyist, etc. A thorough work based on facts with proposed solutions.