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In reply to the discussion: What remains unchanged or has worsened under Obama? [View all]Really?
http://www.democraticunderground.com/10022224304#post5
You continue to push a nonsensical claim based on ignoring the tax code. The tax code is progressive and the facts are clear.
President Obama actually did something to address the inequality, raising taxes on the top one percent (higher than the Clinton rate with the health care tax included) and increasing capital gains to its highest level since the mid 90s. The total effect is significant.
Pre Bush tax cuts: lowest tax bracket 15 percent and top tax bracket 39.6 percent.
Bush tax cuts: lowest tax bracket 10 percent and top tax bracket 35 percent.
President Obama's tax deal, lowest rate 10 percent, top rate 39.6 percent.
Do the math and it will show that the gap between someone earning $50,000 and someone earning $500,000 closed to more than what it was in the 1990s. Add the health care law tax and the gap closes even more.
Do the math.
The last time I made this point, you dismissed the equation and dismissed the health care tax, and claimed that "$50,000 is not in the bottom quintile." Pick any amount in the "bottom quintile" and the top one percent, and then do the math.
The gap still closed.