07-23-2008, 06:02 PM
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#35 |
| Senior Member
Join Date: Jan 2007
Posts: 1,020
| ^ Please, the insanely wealthy would be hiding their $$ whether their tax rate is say, 30% as opposed to 33%. Quote:
Income inequality grew significantly in 2005, with the top 1 percent of Americans — those with incomes that year of more than $348,000 — receiving their largest share of national income since 1928, analysis of newly released tax data shows.
The top 10 percent, roughly those earning more than $100,000, also reached a level of income share not seen since before the Depression.
The gains went largely to the top 1 percent, whose incomes rose to an average of more than $1.1 million each, an increase of more than $139,000, or about 14 percent.
The new data also shows that the top 300,000 Americans collectively enjoyed almost as much income as the bottom 150 million Americans. Per person, the top group received 440 times as much as the average person in the bottom half earned, nearly doubling the gap from 1980.
| http://www.nytimes.com/2007/03/29/bu...nt&oref=slogin Quote: |
Your stat is not correct, the top 1% control 22% of income but pay 40% of the tax burden.
| Your stat - income, my stat - net worth. Quote:
Because the incomes of those at the top have grown so much more than those below them, their share of total income tax revenue has risen despite the reduced rates.
The analysis by the two professors showed that the top 10 percent of Americans collected 48.5 percent of all reported income in 2005.
That is an increase of more than 2 percentage points over the previous year and up from roughly 33 percent in the late 1970s. The peak for this group was 49.3 percent in 1928.
The top 1 percent received 21.8 percent of all reported income in 2005, up significantly from 19.8 percent the year before and more than double their share of income in 1980. The peak was in 1928, when the top 1 percent reported 23.9 percent of all income.
The top tenth of a percent and top one-hundredth of a percent recorded even bigger gains in 2005 over the previous year.
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Last edited by k&s; 07-23-2008 at 06:13 PM.
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