400 US taxpayers account for 10% of all capital gains in 2007

Discussion in 'Politics & Religion' started by Free Thinker, May 3, 2011.

  1. 400 US taxpayers account for 10% of all capital gains in 2007 but end up paying a whopping (sarcasm inluded) 17% in taxes on it


    "One of the more interesting documents published by the IRS is its report on the income and taxes of the top 400 taxpayers (pdf). A lot of attention gets focused, rightly, on the remarkably low average tax rate these people pay — less than 17 percent in 2007, the lowest on record. But I was struck by something else: in several years during the last decade the top 400 accounted for more than 10 percent of all capital gains income in America. Just 400 people"

    http://www.philstockworld.com/category/topic/phils-favorites/