Bo-ring.

1 comment August 22nd, 2007at 10:53pm Posted by Eli

Hey, you know how conservatives are always saying that we liberals are out-of-touch ivory-tower elitists, and they’re the party of the common man of the heartland, the party of Main Street America? Well, about that…

The White House said the fact that average incomes were smaller five years after the Internet bubble burst “should not surprise anyone.”

The growth in total incomes was concentrated among those making more than $1 million. The number of such taxpayers grew by more than 26 percent, to 303,817 in 2005, from 239,685 in 2000.

These individuals, who constitute less than a quarter of 1 percent of all taxpayers, reaped almost 47 percent of the total income gains in 2005, compared with 2000.

People with incomes of more than a million dollars also received 62 percent of the savings from the reduced tax rates on long-term capital gains and dividends that President Bush signed into law in 2003, according to a separate analysis by Citizens for Tax Justice, a group that points out policies that it says favor the rich.

(…)

[White House spokesman Tony] Fratto said the fact that nearly all of the growth in incomes was among those in the upper reaches of the income ladder and that the majority of investment tax breaks went to those making more than $1 million “is not a very interesting story.”

I guess it depends on just where you are on that ladder…

(h/t Sirota)

Entry Filed under: Bush,Economy,Republicans,Wankers

1 Comment

  • 1. yousite  |  May 17th, 2008 at 6:31 pm

    become with a berries. were told spent days to ramble to dine sweet, it’s name


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