Top 400 Enormous Payday Growth in US
And it’s pretty likely that your income isn’t even in the same galaxy as that of the top 400 taxpayers, which averaged $335.7 million in 2012, according to the latest data from the IRS.
The top 400 group — which is not necessarily the same people year after year — had a much better payday than they did in 2010, when their average adjusted gross income was roughly $265 million; or in 2011, when it was about $220 million on average.
Note in the article that some of the wealthiest are paying less than 10% of their income to tax.
You will not hear this news on Fox News. I guess it’s not “Fair and Balanced.”
Because in their world “Fair and Balanced” would be “All for me. None for you.”