Friday, July 13, 2012

While Everyone Else Was Getting Poorer...

The average income of a top-400 earner grew by 650% between 1992 and 2007 to a whopping $344 million. Over that time, the average salary didn't even double. But the average capital gains haul increased by 1,200%.

As this is happening, the long-term capital gains tax rate has fallen from 28 percent in 1990 to 20 percent for the latter half of the 1990s to 15 percent under George W. Bush.
The Atlantic: How the Richest 400 People in America Got So Rich

1 comment:

OverTheHill said...

Check this out:
http://www.theonion.com/articles/goldman-sachs-hires-single-morally-decent-human-be,28460/

Remember it's 'the ONION'.