Trickle-Down Food Stamp Economics

As Food Stamp Recipients Hit New Record, 400 Americans Account For 10% Of Capital Gains

Tyler Durden                     05/03/2011

Today SNAP released the most recent food stamp numbers. Not surprisingly, we just saw another all time high 44.2 million poverty-level Americans relying on government funding for day to day sustenance…

400 Americans who accounted for 10%, or $91 billion of total, in capital gains taxes, or said otherwise, 400 US taxpayers account for 10% of all capital gains in 2007!

Who Benefits From Bubbles?

by Paul Krugman                                                                 April 30, 2011

…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…

Conservatives often try to sell the notion that reducing the capital gains tax is about helping small business people.

(Titles are linked to the full articles)


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