Overnight Open Thread

sattv4u22/18/2010 8:43:56 am PST

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%


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”)