Appalling Greed: Richest 400 Average $270.5 Million Incomes, Pay Almost Nothing in Taxes | | AlterNet

Some specifics: In 1992, the top 400 grabbed 26 percent of their income from paychecks and 36 percent from capital gains. In 2008, by contrast, only 8 percent of top 400 income came from salary — 88 of the year’s top 400 didn’t even have jobs — and 57 percent came from capital gains. These 2008 capital gains faced only a 15 percent tax rate, down from a 1992 rate almost twice that high.

via Appalling Greed: Richest 400 Average $270.5 Million Incomes, Pay Almost Nothing in Taxes | | AlterNet.

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About civilitasnovus

Political junkie
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