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Fortunate400
Published: 02/20/10
The 'Fortunate 400' and Why They Need a Tax Haircut
By Joann M. Weiner - Politics DailyThe IRS may have given President Obama's new bipartisan fiscal review commission fresh ammunition as the panel considers which taxes to increase to help close the $1.4 trillion deficit. According to tax authorities, the richest 400 taxpayers each received the equivalent of an $82 million bonus in 2007. These households had an average $345 million income, a 30 percent increase from the previous year, when they made $263 million. ...
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