Sunday, April 17, 2011

Super rich see federal taxes drop dramatically - Democratic Underground


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. (17% is less than I paid) (mad)

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