Discover a new way to find and share stories you'll love… Learn about Reading Desk

Post Profile



IRS Data Shows Richest Get Richer & See Their Income Tax Rates Drop

Pulitzer Prize-winning Tax Notes reporter David Cay Johnston has a big scoop (subscription required): The incomes of the top 400 American households soared to a new record high in dollars and as a share of all income in 2007, while the income tax rates they paid fell to a record low, newly disclosed tax data show. In 2007 the top 400 taxpayers had an average income of $344.
read more

share

One Reason We Don’t Hear about Income Inequality: Media Execs Among the Richest

US Politics / Liberal : Firedoglake (4 years ago)

David Cay Johnston has a must-read piece on what the most recent payroll tax data shows about growing income inequality. He shows that total wages have fallen 5% since 2007, largely because so many fewer people are making any income... Read Post

REPORT: In 12 Years, Income For Richest 400 Americans Quadruples, Tax Rate Nearly Halved

US Politics / Liberal : Think Progress (4 years ago)

New data released by the IRS reveals that, over a period of 12 years, tax rates for the richest 400 Americans were effectively cut in half. In 1995, the richest 400 Americans paid, on average, 29.93% of their income in federal taxes... Read Post

Tax Rates For America's Top 400 Earners Fell As Income Soared In 2007, According To IRS

Business & Finance : Huffington Post: Business Blog (5 years ago)

The incomes of the top 400 American households soared to a new record high in dollars and as a share of all income in 2007,... Read Post


Copyright © 2011 Regator, LLC