Summary
David Cay Johnston, the invaluable New York Times reporter who specializes in our tax system, has come up with some staggering figures on what he calls "the hyper-rich,' the wealthiest one- thousandth of the population, and their taxes.
-- "The share of the nation's income earned by those in this uppermost category has more than doubled since 1980. ... The share of income earned by the rest of the top 10 percent rose far less, and the share earned by the bottom 90 percent fell.'See the full content of this document
Extract
Some Rich Are Getting Richer
-- "Under the Bush tax cuts, the 400 taxpayers with the highest income -- a minimum of $87 million in 2000, the last year for which the government will release such data - now pay income, Medicar...
See the full content of this document
Sponsored links
