the folks at the brookings tax policy center helped us put this together. these different groups of popcorn represent your income level. the bigger the bag, the bigger the income level of the group we re talking about. i want to use the popcorn to demonstrate how much of the total pie, how much of the total tax revenue is generated by each group. let s start over here with the little one. these are people who earn less than $30,000 a year. that, by the way, is about 44.8% of all households in the united states. they don t pay a lot in income tax. in fact, generally speaking they get back 4.8%. i m going to put a few kernels into their pot because they are not paying taxes. let s look at another group. this bag represents people who earn between $30 and $100,000 a year. that s about 40% of households in the united states. this group represents a contribution of 18%. 18% of the total personal tax revenues come from here. i m going to put about two handfuls of popcorn in the bow
the u.s. still has a trade deficit with japan. don t focus on the currency. there are tougher issues that the two countries have to grapple with. so where would you steer us and how would you suggest we engage with china through you having spent time in beijing, in a way that we can balance the trading environment such that we are getting a more balanced flow of capital into our own country as opposed to the capital losses that america is currently incuring. the biggest distorting factor is the dominance of the state and the state sector. the communist party favors state companies and state entrepreneurs and private entrepreneurs. the u.s. has to chip away and unlock that relationship. i also think the u.s. has to