1 Redistribution of Income Unemployment Compensation Unemployment Compensation Housing Programs-- HUD Housing Programs-- HUD Section 8 Section 8 Taxes Taxes Federal Federal Income tax Income tax Personal – 39 % progressive Personal – 39 % progressive Corporate - it depends Corporate - it depends Social Security Social Security Personal and business 15.3 (7.65) regressive Personal and business 15.3 (7.65) regressive State and Local State and Local Income – usually regressive to proportional Income – usually regressive to proportional Sales – regressive Sales – regressive Property - regressive Property - regressive

2 Poverty What is definition of poverty What is definition of poverty Absolute Absolute Relative Relative Quantitative Quantitative Who are the poor Who are the poor Why are people poor Why are people poor

3 Poverty What is definition of poverty What is definition of poverty Absolute ($16,400 family of 4 in US) Absolute ($16,400 family of 4 in US) Relative Relative Quantitative Quantitative Who are the poor Who are the poor Why are people poor Why are people poor How many How many

4 Poverty by Year YearNumberPercent YearNumberPercent

5 USA Population - Sex, Age and Region POPULATION Percent of population Resident population (1,000)281,425293,655 Male (1,000)138,056144,537 Male Female (1,000)143,368149,118 Female Under 5 years old (1,000)19,18520,071 Under 5 years old to 17 years old (1,000)53,12253,207 5 to 17 years old to 44 years old (1,000)112,183113, to 44 years old to 64 years old (1,000)61,94770, to 64 years old years old and over (1,000)34,98636, years old and over

6 Per Capita Income (GDP) in Various Countries, 2003