Excerpts:
- Americans in the bottom 90% saw their average incomes increase a meager $47 a year between 1974 and 2007.
- The top 1% households made 12 times more income than the bottom 90% households in 1974, 42 times more in 2007.
- In 1955, our 400 highest incomes averaged $12.3 million...they paid over half their incomes, 51.2% in federal income tax. In 2006, the top 400 averaged an astounding $263 million each in income...paid, after loopholes, just 17.2% of their incomes in federal taxes.
- Between the 1940s and the mid 1960s, America's richest faced at least a 91% federal tax rate on earned income over $400,000. The top rate today: 35%.
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