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Politics : Ask Michael Burke
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To: Knighty Tin who wrote (126947)4/10/2011 10:23:05 PM
From: John Koligman  Read Replies (3) of 132070
 
To: The Reaper who wrote (16097) 4/9/2011 12:46:34 PM
From: Les H 4 Recommendations Read Replies (1) of 16342

The 400 U.S. taxpayers with the highest adjusted gross income paid income taxes at an actual, or “effective,” rate of just under 17 percent in 2007, down from almost 30 percent in 1995, according to the Internal Revenue Service. The effective rate for the 1.4 million people in the top 1 percent of taxpayers dropped to 23 percent in percent the year before. That means the top 400 pay a lower rate than the next 1,399,600 or so, Bloomberg Businessweek reports in its April 11 issue.

miamiherald.com
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