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Some news we can all feel good about!!!! The top 400 families are making more than ever!!!! [View All]

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TalkingDog Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Feb-23-10 09:37 AM
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Some news we can all feel good about!!!! The top 400 families are making more than ever!!!!
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And the taxes they are paying are at record lows!!!!!!

http://tax.com/taxcom/features.nsf/Articles/0DEC0EAA7E4D7A2B852576CD00714692?OpenDocument

http://www.wsws.org/articles/2010/feb2010/fams-f20.shtml



WHEEEEE!!!! LOOK AT THAT INCOME RISE!!!!




YAYYYY!!!!! GO AWAY BAD TAXES!!!!!!



The top income earners received a total income of $138 billion in 2007. This figure is larger than the yearly output of most of the world’s countries, and is nearly as large as the GDP of Chile. Out of this amount, the group paid only $23 billion in taxes.

THIS IS JUST SUPER!!!!!!!



snip:

If the top 400 earners had been taxed in 2007 at the 1995 rate, they would have paid an additional $18.4 billion in taxes, enough to cover the entire 2010 budget shortfall of the state of California.

snip:

The IRS report on the top 400 families was first regularly published by the Clinton administration, but the Bush administration shut down its release, according to the tax.com article by Cay Johnston, a tax law professor at Syracuse University. The Obama administration resumed publication of the figures, with the 2006 figures published about a year ago.


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