Tuesday, April 27, 2004

Tax Portrait of USA

From the IRS website for Tax Year 2001:

Top 1 percent Adjusted Gross Income - $292,913
Top 10 percent AGI - $92,754
Bottom 10 percent AGI break - $5,121

Median AGI - $28,117

When Kerry talks about restoring the 2000 tax rates on those earning $200,000 or more, he's talking about the top 2% of the population.

Most Americans with professional jobs substantially overestimate the wealth of their fellow Americans.

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