2.18.2010

Go, 400! Woohoo!

The incomes of the top 400 American households soared to a new record high in dollars and as a share of all income in 2007, while the income tax rates they paid fell to a record low, newly disclosed tax data show....

In 2007 the top 400 taxpayers had an average income of $344.8 million...

Since 1992, the bottom 90 percent of Americans have seen their incomes rise by 13 percent in 2009 dollars, compared with an increase of 399 percent for the top 400.

link: tax.com: Featured Articles: Tax Rates for Top 400 Earners Fall as Income Soars, IRS Data


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