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1 Chris R. Edwards, Typical American Family's Income Continues to Lag behind Record Level of Late-1980s 1 (1993)

handle is hein.taxfoundation/srcexz0001 and id is 1 raw text is: TAX FOUNDATION November 1993; Na 24 Typical American Family's Income Continues to Lag Behind Record Level of Late-1980s The typical Amcrican flamily's income, after taxcs and inflation, still falls below the level rcachcd in 1989 as the econony conltinues to grow slowly, llgiie I shows the growth in family income during the 198)s made possiblc by the booming cconomy and cits in thc fCderal indiVidtifL income tax rate. But since 1989, thc cconomic slowdown and a risc in state and local taxes and variotis fedcral taxes, such is the 1990 incrcasc in the federal gasoline cxcisc, havc takcn their toll on incomes. The income of the median or typical falmilh with two incomC earners, as measured by the Bureau of (cnsus, is uscd Is a starting j)oint to analyzc tilt clnge in fderal, state and local tax burdens since 198O. This fInily will earn $51,883 in 1993 but will be left with only $33,807 to spend on food, housing, transpio)rtation, and all other items after all taxcs arc paid. While the two-clrner nedian f amily inconc has climbed to its current lev el from $26,879 in 1980, according to the Bureau of l!gtUre 1 Real, Alter-iliv Median lhnnil Income 1980-1993 35000 34000 33000 cc2 32000 'T 31000 0 30000 c0 29000 28000 27000 26000 25000 CC') 00 'i ') 00 M co C'o co U- cc - '80 '81 '82 '83 '84 '85 '86 '87 '88 '89 '90 '91 '92 '93e SOisCC Tax Foundawltioni (Sec Table 1) By Chris I I/dtnvds tF('OlomilS M.N.~ F'olmdalll