Wednesday, May 18, 2011

From the Dept. of Statistical Interest

Harold Meyerson in setting up his column on the Republican/Teabagger Welfare States has this interesting paragraph.
To begin, then: We’re broke! We can’t afford any more taxes! (Well, America’s 400 wealthiest taxpayers certainly can. In 1955, according to the Campaign for America’s Future, the country’s 400 wealthiest taxpayers had an average income of $13.3 million (in 2008 dollars) and paid 51.2 percent of that in federal income taxes. In 2008, according to IRS calculations, they had an average income of $270.5 million and paid 18 percent of that in federal income taxes. And in 1955, by the way, we could afford to pave roads.)(my em)
We've come a long way, baby.

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