- Their average daily income is $945,000.
- Their income taxes are at a record low.
- Since 1992, the bottom 90 percent of Americans have seen their incomes rise by 13% compared with an increase of 399% for the top 400.
- Most of the income going to the top 400 is from capital. In 2007 the top 400 taxpayers had an average income of $344.8 million, up 31 percent from 2006.
The annual top 400 report was first made public by the Clinton administration. George W. Bush shut down access to the report. Its release was resumed a year ago when President Obama took office.
Mick Arran flushes a bit extra:
Conservatives are always complaining that Obama is a socialist and wants to redistribute the nation’s wealth. They say this as if it’s a Bad Thing, yet they didn’t complain about the way the Bush & Clinton Admins redistributed the nation’s wealth.
That wasn’t ‘socialism’ because it went to the top instead of the bottom.
And boy, did it ever!