Hello and welcome to Optimist Economy. I'm Catherine. I'm Robin. On this show, we believe the

U.S. economy can be better. We talk about how to get there of one problem and solution and heavy

sigh at a time. It's a heavy sigh kind of day. It's a heavy side kind of day.

It's a heavy side kind of day.

So let's start first with retcon, where we make quick reflections and adjustments from our last conversation.

Our last conversation was about taxes.

Taxes.

My retcon is to say that the numbers that I cited were from the Congressional Budget Office.

The Congressional Budget Office tells Congress how much things are going to cost,

and they measure the cost of something they call it a score, they put it in a 10-year window,

and so those were the 10-year scores of the four pieces of legislation that total $7 trillion. So that's where the

$7 trillion came from. Great, great. I actually went back to find out how many tax filers are in the

0.1% that we were referring to. And our ballpark wasn't bad. And last quarter, there were

133,757 households. So when I multiplied that by two and a half people

roughly per household, that's the equivalent of Rockford, Illinois. So in the whole country,

our top 0.1% could all live in Rockford, Illinois. And they have a rag-tag all-girls baseball team.

And they put in just an amazing performance by Gina Davis. Exactly. Okay, and I checked the, from the IRS

statistics of income that the amount of money, the top 0.1 percent and the top 1 percent

earned. So the top 0.1 percent of Americans take home 14 percent of all adjusted gross income,

and the next 0.9 percent, right? So the rest of the top 1 percent, they take home 12 percent of

income, which means the top top 1 percent in the U.S. takes home about a quarter of all

income.

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