Rich in 2007 Made More And Had Lower Tax Rate


Follow this link to the article in the Worcester T & G by Ryan J. Donmoyer of Bloomberg News.

In 2007, the last year the economy was expanding in the U.S., the average income of the 400 highest-earning households rose 31% to $345 million, fueled by capital gains and dividends.  The data, the latest available, may provide ammunition for Democrats aiming to increase the capital gains tax rate; each household paid an average rate of 16.6% – the lowest since the Internal Revenue Service started tracking data in 1992.

Given the set of articles published in the Worcester T & G this Sunday, I can only surmise that there has been a palace coup in the editorial offices of the newspaper.  To see so much information in this newspaper supporting the Democratic agenda has left me gasping for breath.

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