Saturday, January 21, 2012
In 2009, 1,470 households reported income of more than $1 million but paid no federal income tax on it, through their use of various tax loopholes and shelters. Tax rates for millionaires have fallen by 25 percent since the mid-’90s, while one quarter of millionaires currently pay lower tax rates than the average middle-class household. Can someone say “income inequality?”

In 2009, 1,470 households reported income of more than $1 million but paid no federal income tax on it, through their use of various tax loopholes and shelters. Tax rates for millionaires have fallen by 25 percent since the mid-’90s, while one quarter of millionaires currently pay lower tax rates than the average middle-class household.

Can someone say “income inequality?”

Posted at 4:31 PM 148 notes Tags: politics economics occupy wall street

Notes

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    Um… I’m going to give my very humble opinion here and brace for flames. It’s not like they don’t deserve tax cuts… There...
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