Wednesday, June 25, 2003

Well, thank God for those tax cuts for the upper wealthiest elite that Bush pushed through. Added to their already falling tax cuts, you can see how the Middle Class will be further burdened to take up the slack. You know. You can't make up this kind of cruel political manipulation. And the rich just keep getting richer.

Very Richest's Share of Income Grew Even Bigger, Data Show
By DAVID CAY JOHNSTON


The 400 wealthiest taxpayers accounted for more than 1 percent of all the income in the United States in the year 2000, more than double their share just eight years earlier, according to new data from the Internal Revenue Service. But their tax burden plummeted over the period.

The data, in a report that the I.R.S. released last night, shows that the average income of the 400 wealthiest taxpayers was almost $174 million in 2000. That was nearly quadruple the $46.8 million average in 1992. The minimum income to qualify for the list was $86.8 million in 2000, more than triple the minimum income of $24.4 million of the 400 wealthiest taxpayers in 1992...



http://nytimes.com/2003/06/26/business/26TAX.html

No comments: