re: #579 drcordell
Oh, also interesting… this article from Bloomberg about the top earning individuals in the U.S. for the year 2007.
Average income: $345 million
Average tax rate: 16.6%[Link: news.yahoo.com…]
So glad to see that my marginal tax rate is at least 10% higher than those making exorbitantly more money than myself. Thanks GW!
AND ,, here we go again
From your link
“Notice that two-thirds of their 2007 income was in capital gains
Capital Gains is not taxed at the same rate as staright “income” (i.e, “paychecks”)