Thursday, November 8, 2007

I need to sharpen my razor...

A new report from the Internal Revenue Service shows the wealthiest 1 percent of Americans earned a record 21.2 percent of all income in 2005 — up from 19 percent in 2004.

Meanwhile, the bottom 50 percent earned 12.8 percent of all income, down from 13.4 percent in 2004. According to the IRS, the median tax-filer’s overall income fell 2 percent between 2004 and 2005.


Charity is not enough. See the string here: