Why the Super-Rich Pay Taxes on a Much Tinier Fraction of Their Income Than You Do
‘Why are our seniors paying higher taxes on their social security benefits than billionaires pay on stocks?
The IRS released a new report that reveals the staggering amount of money that the top one-thousandth of the 1% in the US is hoarding.
While the top earners in the bottom 50 percent of Americans only make $36,000 a year — the bottom earners in the top one-thousandth of the 1% “only make” more than $62 million a year.
Sixty-two million dollars per year is what it takes to be a top one-thousandth one percenter— and those are the poorest of the richest households; on average the top earners make more than $160 million a year.’
Read more: Why the Super-Rich Pay Taxes on a Much Tinier Fraction of Their Income Than You Do
Source: http://msnoworldorder.co.uk/newsblog/7747-why-the-super-rich-pay-taxes-on-a-much-tinier-fraction-of-their-income-than-you-do
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