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While real incomes for ordinary people fell 15%, 1473 of the $1m + earners paid NO US income tax

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TheBigotBasher Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-04-11 03:17 PM
Original message
While real incomes for ordinary people fell 15%, 1473 of the $1m + earners paid NO US income tax
Ordinary families have much lower salaries and pay a much greater share of their income as tax for fewer government services.

Average income in 2009 was at its lowest level since 1997 when it was $54,265 in 2009 dollars, just $18 less than in 2009. The data come from annual Statistics of Income tables that were updated Wednesday.

The average tax rate was 11.4 percent, up from 10.5 percent in 2007, the Internal Revenue Service data showed


While the very richest pay nothing.

No income tax was paid by 1,470 of the 235,413 taxpayers earning $1 million or more in 2009, compared with the 959 taxpayers with million-dollar-plus incomes who paid no income taxes in 2007.


http://www.reuters.com/article/2011/08/04/us-usa-economy-incomes-idUSTRE77302W20110804

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SpiralHawk Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-04-11 03:23 PM
Response to Original message
1. "Ha ha. Sneer." - Republicon FatCats (R)
Edited on Thu Aug-04-11 03:28 PM by SpiralHawk
"We have a suggestion for you Little People, you smelly American proles: why don't you sit down and STFU. Bwaaaa ha ha ha ha. Sneer.

"Oh, by the way, we nEEd more more more more more more tAx cuTs for the uber wealtHy so we can <smirk> continue to be <smirk> job creators <smirk> for janitors and shit like that to clean up our stanky opulent eeeleete meSSes. Smirk. Sneer."

- Republicon FatCats (R)
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TheBigotBasher Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-04-11 04:26 PM
Response to Reply #1
5. The cat is great.
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Tuesday Afternoon Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-04-11 03:25 PM
Response to Original message
2. The Very Rich can kiss my ass.
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TheBigotBasher Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-04-11 04:34 PM
Response to Reply #2
6. We are all being forced to kiss theirs
and not in a good way.
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chill_wind Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-04-11 03:32 PM
Response to Original message
3. That's how they can keep from "feeling poor."
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xchrom Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-04-11 03:39 PM
Response to Original message
4. Recommend
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