Friday, January 30, 2009

400 richest Americans’ incomes doubled under Bush


Bloomberg reports that, according to recently released IRS data, “the average tax rate paid by the richest 400 Americans fell by a third to 17.2 percent through the first six years of the Bush administration and their average income doubled to $263.3 million.” Much of their income came from capital gains resulting from the Bush tax cuts.

dontcha just love the guy...

No comments: