The share of income going to the richest one-tenth of 1% of Americans went up in 2003. The share going to 99% of Americans fell. And the tax rates for those super rich dropped at 10 times the rate of the middle class.Most of the increase in incomes -- and biggest tax breaks -- went to the 129,000 richest Americans. You have to have an income of $1.3 million a year to be in that club.
That top one-tenth of one percent -- 129,000 people -- had more income than the poorest 42,570,000 Americans. (NYT)
No comments:
Post a Comment