Wednesday, March 2, 2011

Richest 400 Taxpayers Are Taxed At A Lower Rate Than A $29,000-A-Year Worker
According to calculations by Whitehouse’s office -- which match our own -- when you include Social Security and Medicare taxes, the effective tax rate for the wealthiest 400 Americans would have been 16.72 percent in 2007; the tax rate for a worker earning $29,000 a year would have been 16.79 percent.

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