Lecture Notes 072606 - Katie Kerr SOC 302 July 26, 2006...

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Katie Kerr SOC 302 July 26, 2006 Causes of Widening Income Inequality, cont. 3) Concentration of Income from Investments and Capital Gains - capital gains are taxes at a lower percentage than ordinary income 4) Increase of Dual-Earner Households at the Top Coupled with Increase of  Single-Earner Households at the Bottom - Bottom is typically woman-headed families 5) A Variety of Both State and Federal Policies a. Welfare Reform Act of 1996 o You can get federal assistance for no more tan 2 years at a time and a  lifetime max of 5 years o Weakens the social safety net b. Minimum wage o At the lowest purchasing in 56 years o Not all workers included in minimum wage c. Our Tendency to Replace Progressive Taxes with Regressive Taxes o Progressive tax – the more money you make, the larger the  percentage of your income you pay in taxes o Regressive tax – the less money you make, the larger the percentage 
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This note was uploaded on 04/21/2008 for the course SOC 302 taught by Professor Langenkamp during the Summer '08 term at University of Texas at Austin.

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Lecture Notes 072606 - Katie Kerr SOC 302 July 26, 2006...

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