Wednesday, September 06, 2006

The Richest 1% Aren't Doing As Well

Here's a quote from Stephen Moore :
The latest data from the IRS indicate that the share of income claimed by the wealthiest 1%, 5%, and 10% of earners is down, not up, since 2000. Even the millionaires, those in the top 0.5% of income, have seen their share of the nation’s total income fall to 15% in 2004, from 17% in 2000. What’s more, the top sliver (i.e. the group that includes just one earner in 1000) now pays 4 times more in total taxes than do all Americans in the entire bottom 50 percent. These are the uncensored facts.
No word yet from the followers of John Rawls.