The reason most of us have seen little gain from economic growth over the last three decades is that the rich have rigged the rules to ensure that money flows upward. Through their control of trade policy, Federal Reserve Board policy, and other key levers of government, they have structured the market to weaken the bargaining power of ordinary workers and benefit the CEOs and Wall Street crew. As a result, the typical worker has seen almost none of the gains from economic growth over the last four decades. Most of this rigging comes in before-tax income.
In 2013, the amount of unearned income received by minor children that isn't subject to federal income taxes is $1,000, up from $950 in 2012. This is a key number for parents who set up custodial accounts for their children under their state's Uniform Gifts to Minors Act or Uniform Transfers to Minors Act.