In 2009, 1,470 households reported income of more than $1 million but paid no federal income tax on it, through their use of various tax loopholes and shelters. Tax rates for millionaires have fallen by 25 percent since the mid-’90s, while one quarter of millionaires currently pay lower tax rates than the average middle-class household.
(text copied from Politico.com, check it out)
Fringe:
ReplyDeleteI would laugh if I could stop crying.
Darrel,
ReplyDeleteAndre Carson represents the 7th congressional district and reported a net worth of -25K and change. Larry Bicshon represents the 8th congressional district and reported a net worth
of $1.3 million. I ask you; whom of the two do you think is more in tune with the poor and middle class?
Ron