 Image uploaded from a quicklink (Image by Unknown Owner) Details DMCA | Earth provides enough to satisfy every man's need, but not every man's greed. Mahatma Gandhi In 2008, the IRS revealed last week, 400 Americans reported at least $110 million in income on their federal tax returns. These 400, in a year that ended with millions of Americans out of work and home, averaged $270.5 million each, the second-highest U.S. top 400 average income on record. In 1955, for instance, America's top 400 averaged -- in 2008 dollars -- $13.3 million. The rich in 1955 paid far more of their income in taxes than today's rich. The top 400 in 1955 paid 51.2 percent of their total incomes in tax. |
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