Tuesday, May 17, 2011
Appalling Greed: Richest 400 Average $270.5 Million Incomes, Pay Almost Nothing in Taxes
-Compare that to 1955, when the country's most affluent made far less money and paid 51 percent of their income in taxes-
By Sam Pizzigati May 16, 2011
In 2008, the IRS revealed last week, 400 Americans reported at least $110 million in income on their federal tax returns. These 400, in a year that ended with millions of Americans out of work and home, averaged $270.5 million each, the second-highest U.S. top 400 average income on record.
see full article: http://www.alternet.org/story/150956/appalling_greed%3A_richest_400_average_%24270.5_million_incomes%2C_pay_almost_nothing_in_taxes?akid=6972.271528.cVT-v6&rd=1&t=8