Wednesday, June 25, 2003

The New York Times reports today that "The 400 wealthiest taxpayers accounted for more than 1 percent of all the income in the United States in the year 2000, more than double their share just eight years earlier, according to new data from the Internal Revenue Service. But their tax burden plummeted over the period."

And this little tidbit is even more outrageous: "The number of Americans with high incomes who pay no taxes anywhere in the world has reached a record. In 2000, there were 2,022 Americans with incomes of more than $200,000 who paid no income tax anywhere in the world, up from just 37 in 1977, when the report was first issued."

My only comment is that the US had a Democratic President from 1993-2000. I guess Jesse Jackson was right: DLC does stand for "Democrats for the Leisure Class".


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