http://finance.yahoo.com/news/Super-rich...set=&ccode=


Those who keep chanting the right wing propaganda that we are soaking the rich might find this paragraph interesting.


"The Internal Revenue Service tracks the tax returns with the 400 highest adjusted gross incomes each year. The average income on those returns in 2007, the latest year for IRS data, was nearly $345 million. Their average federal income tax rate was 17 percent, down from 26 percent in 1992."


The bottom line is we are piling up more debt each year, in part because the ultrawealthy can avoid a reasonable rate of taxation.



Edited by Dave Vedder (04/18/11 12:49 AM)
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No huevos no pollo.