In ’06, Rich Earned More, Paid Less Tax
In 2006, the 400 richest Americans had an average income of $263 million, a 23 percent jump over the previous year, the Internal Revenue Service says. That same year, the very wealthy paid, on average, an effective tax rate of 17 percent — the lowest in 15 years. NPR’s All Things Considered host Robert Siegel discusses the issue with Bill Gale.
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