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News Link • Economy - Economics USA

Middle class getting pushed into poverty and working poor status

What is not discussed in this recession is the working poor and middle class have taken on the burden of this financial calamity disproportionately. We are not all in this equally. When was the last time you heard on the mainstream press that 40 million of your fellow Americans are now receiving food assistance? And when was the last time you heard that jobs for the middle class are still largely disappearing? Since much of the media represents the top 1 percent they assume all is well because Wall Street has been on a record breaking bailout rally. At the same time, we have 30 percent unemployment at the lower end of our income scale. The lower 30 percent are seeing depression like unemployment rates:

1 Comments in Response to

Comment by Ed Price
Entered on:

By what is written in the Internal Revenue Code, Title 26, at 3401 (c), the meaning of the word "employee," and the structure of legal wording as it is used there, show that the only people who owe the IRS income tax are Government workers.

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