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.
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