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.
Wednesday, September 06, 2006
The Richest 1% Aren't Doing As Well
Here's a quote from Stephen Moore :