Best tax day for rich since '30s

17%

That was the effective tax rate paid by the 400 Americans with the highest adjusted gross income in 2007, the most recent year with IRS data available. The figure is down from almost 30 percent in 2005. All in all, this April 15 could be the best tax day for the wealthy since the early 1930s - with top rates on ordinary income, capital gains, dividends, estates and gifts at or near historic lows.

(via mikehudack)

Source: azspot

57 Notes/ Hide

  1. stuartroseman reblogged this from youmeandmyapi and added:
    Not sure how to fix this. But I don’t think it is limited to the richest 400 Americans. I don’t want America to turn...
  2. silas216 reblogged this from azspot
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  7. youmeandmyapi reblogged this from mikehudack and added:
    This is unsustainable - that’s all I know. It just invites massive and for capitalism, problematic backlash. The rich...
  8. jdrive reblogged this from wiesen
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  15. This was featured in #Politics
  16. transparentcommunity reblogged this from azspot and added:
    This is one of the many things wrong with our country right now. ”The rich” don’t need tax cuts!!!
  17. azspot posted this