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

Related Posts


Richest 400 Taxpayers See Incomes Double, Tax Rates Halved

US Politics / Liberal : Crooks and Liars (5 years ago)

For Democrats wavering in their resolve to end the Bush tax cuts for the wealthiest Americans, shocking new data from the IRS should hopefully stiffen their backbones. Between 2001 and 2007, the 400 richest taxpayers doubled their a...

Super-Rich Got 31% Richer in 2007

US Politics / Liberal : Drudge Retort Weblog (5 years ago)

The 400 highest-earning U.S. households reported an average of $345 million in income in 2007, up 31 percent from a year earlier, IRS statistics show. "Income at the very top has exploded and their taxes have been cut dramatically,"...

Open thread for night owls: David Cay Johnston on income inequality

US Politics / Liberal : Daily Kos (2 years ago)

David Cay Johnston, who was awarded a Pulitzer prize in 2001 for his exposé on inequities in the tax code, and who pioneered journalistic writing about income and wealth inequality long before others focused on that area, appeared T...

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...

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

US Politics / Liberal : ThinkProgress: Justice (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...

Comments



Copyright © 2015 Regator, LLC