Monday, July 10, 2006

Rich pay taxes!

Editor,

Stocks are up and the rich paid taxes! Of course to pay a lot of taxes you have to make a lot of money, so just how much money did the rich make last year? The top 0.1% of income earners in the U.S. increased their share of the national income from 2% in 1978 to over 6% by 1999, while the ratio of the median salary of a CEO to the compensation of a worker increased from just over 30 to 1 in 1970 to 500 to 1 by 2000. This being 2006 and taxes paid by the rich being front page news, one can only assume these increases have gotten bigger. How nice of the rich to condescend to pay some taxes.

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