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Investment Analysis Clubs / The BMW Method
|Subject: Re: Bargain hunting||Date: 11/17/2012 1:44 PM|
|Author: Carpian||Number: 40794 of 41701|
The top 2% percent of income tax payers, roughly those making over $250K, pay about 44% of the income tax in this country. Think about it - is that fair?
But what % of the income do those 2% make?
The average annual income of the top 1 percent of the population is $717,000, compared to the average income of the rest of the population, which is around $51,000....Altogether, the top 1 percent control 43 percent of the wealth in the nation; the next 4 percent control an additional 29 percent.
It’s historically common for a powerful minority to control a majority of finances, but Americans haven’t seen a disparity this wide since before the Great Depression — and it keeps growing.
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