Making the “Invisible Hand” Visible
This graph shows the different types of income of the “Top 400″ from 1992-2005. Number one source of income is Capital Gains, which accounts for more than 50% of their income in 2005.
The “Top 400″ are the 400 tax returns with the highest adjusted gross income reported to the IRS.
{Click on the image to take a closer look}
Data from the IRS via Wall Street Journal’s Tax Report
[tags]Tax Rates, United States, Income tax, IRS[/tags]
Popularity: 4% [?]
This graph shows the average income reported to the IRS and the average taxes paid by the top 400, i.e. the 400 taxes returns with the highest adjusted gross income from 1992-2005. This does not represent not gains in the wealth of people like Bill Gates but instead shows the annual income of the superrich reported to the IRS. They accounted for 1.15% of total income reported in 2005, more than twice as large as their 0.49% share in 1995.
{Click on the image to take a closer look}
Data from the IRS via Wall Street Journal’s Tax Report
[tags]Tax Rates, United States, Income tax, IRS[/tags]
Popularity: 8% [?]
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