Free Republic 2nd Qtr 2024 Fundraising Target: $81,000 Receipts & Pledges to-date: $39,415
48%  
Woo hoo!! And we're now over 48%!! Thank you all very much!! God bless.

Keyword: thanktherich

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  • Flight of The Millionaires: Reasons to Give Thanks For The One Percent

    07/25/2012 6:33:15 AM PDT · by DrC · 12 replies
    The Washington Times ^ | July 23, 2012 | Chris Conover
    According to the report, those in the top one percent had an average pre-tax income of $1,219,700 in 2009. Of this, they paid $353,000 federal taxes. Despite having earned 13.4 percent of the nation’s income, these individuals paid 38.7 percent of federal income taxes that year. To put it more starkly, this group makes less than 16 times as much as the average household but pays more than 40 times as much in federal income taxes.