Where has all the income gone? Look up.

[Joanne98]

By Lawrence Mishel

The 400 American households with the highest incomes also have enjoyed a much faster pace of income growth than the vast majority. And, because tax rates applied to their income have fallen by a third, their after-tax incomes grew substantially faster than their pre-tax incomes. The figure looks at inflation-adjusted pre-tax and after-tax income growth for the 400 top-income families between 1992 and 2007, based on new data recently released by the Internal Revenue Service. It shows that while pre-tax income grew by a staggering 409% over that 15-year period, after-tax income increased even more, by 476%.



http://www.epi.org/economic_snapshots/entry/where_has_all_the_income_gone_look_up/

[havocmom]

1. And it's SO important that they keep those bush era tax cuts

Heaven forbid those poor people at the top should have to go back to paying the rates their St. Reagan forced them to pay :eyes:

[Tansy_Gold]

3. And let's not forget the free passing on of those estates to their

well-deserving heirs who have EARNED THE RIGHT TO THEM with their hard work of, well, of being born.


Tansy Gold

[havocmom]

5. Ah yes, because Paris Hilton is at risk and must be saved!

Tansy, haven't seen you around campus much. Good to cross paths with you again, although I wish it were under happier circumstances :hi:

[FormerDittoHead]

2. I take exception to the term "Earners" when passive income is a big part of what they make.

The use of that word implies these are people who are just working that much harder than us stupid, lazy people.

[Tansy_Gold]

4. +100

Right on.


:yourock:



TG

[dixiegrrrrl]

6. "we" are flatlined...how telling.