Our Views: ; Demonizing 'the Rich' Takes Some Distortion; the Top 1 Percent of; Earners Paid 36.7 Percent of Income Tax in 2009

Summary


IN 2007, the income of people in the top 1 percent of incomes in America averaged $1.4 million. Two years later, the average had dropped to $957,000, a 40 percent drop in just two years.

Those are the latest figures available.

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Our Views: ; Demonizing 'the Rich' Takes Some Distortion; the Top 1 Percent of; Earners Paid 36.7 Percent of Income Tax in 2009

"In 2009 the average income of the top 1 percent, adjusted for inflation, fell belo...

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