i said, would you rather be rich and pay income taxes or poor and pay no income taxes. they only want to focus on income taxes at the beginning supposed to be on wealthier people. middle income and lower income people pay more than rich people do. i wrote a column and did research and found a ceo who made $122 million a year, this was his share is the what he paid in fi ca tax, 0.0043%. sales taxes. in illinois at the time, if you were in the bottom 20%, you paid 10.8% of your income in sales taxes. if you were in the top 1%, you only pay 1.4%. is the actually much worse than let them eat cake, this is let them eat gruel and let s tax the gruel. it s really outrageous. these are numbers we don t
income taxes or lucky ducks. i said, would you rather be rich and pay income taxes or poor and pay no income taxes. they only want to focus on income taxes at the beginning supposed to be on wealthier people. middle income and lower income people pay more than rich people do. i wrote a column and did research and found a ceo who made $122 million a year, this was his share is the what he paid in fica tax, 0.00. sales taxes. in illinois at the time, if you were in the bottom 20%, you paid 10.8% of your income in sales taxes. if you were in the top 1%, you only pay 1.4%. is the actually much worse than let them eat cake, this is let them eat gruel and let s tax the gruel. it s really outrageous. these are numbers we don t hear coming from republican leadership.
states under president bush. disaster. the manufacturing sector is now rebounding under the current president. look at what happened during the bush administration. throughout most of the 20th century as american workers got more productive, their hourly wages increased as well. if you did more over the course of the hour, you got paid more. worker productivity and hourly wages were tied together as you stl there. what happened during the bush years. rocker productivity skyrockets, hourly wages remained totally flat. there was one silver lining during the bush years. there was one economic exception to these rules. the sole exception was the growth of corporate profits. corporate profits experienced annual growth of 10.8% as compared with average growth of 7.4% for other comparable po
states under president bush. disaster. the manufacturing sector is now rebounding under the current president. look at what happened during the bush administration. throughout most of the 20th century as american workers got more productive, their hourly wages increased as well. if you did more over the course of the hour, you got paid more. worker productivity and hourly wages were tied together as you there. what happened during the bush years. rocker productivity skyrockets, hourly wages remained totally flat. there was one silver lining during the bush years. there was one economic exception to these rules. the sole exception was the growth of corporate profits. corporate profits experienced annual growth of 10.8% as compared with average growth of 7.4% for other comparable post-war periods. corporations and rich people did great. that s the economic legacy of the george w. bush legacy. it s a legacy that from the mitt romney campaign did out of exele and start making news.
office. 7.5 for ronald reagan and 7.6 for barack obama. and something interesting happens to the men a year into the presidencies, unemployment spikes, it goes up to about 9.8 for president obama and goes up to, if you can believe it 10.8 for president reagan. president reagan was able to incrementally bring that number down every quarter. in a way that president obama hasn t been able to. what was the difference in strategy? you re right they came in with similar numbers, but by 81, ronald reagan lowered, cut business taxes, estate tax and by reelection day it was down into the five and consistently lower eight years in office. i think the largest post war expansion, 83 to 89. president obama came in and the stimulus package which is about 800 billion dollars.