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Re: mmoy post# 40940

Friday, 07/30/2004 12:16:01 PM

Friday, July 30, 2004 12:16:01 PM

Post# of 97586
mmoy,

I found this part of the article most interesting:

The report said the sharpest drops were in both the number and the earnings of people with the highest incomes. Those with incomes of $10 million or more saw average income fall 22 percent, while the number of returns reporting incomes at that level fell 53 percent during the two year period.

Meanwhile the average income of those filing returns with incomes between $25,000 and $500,000 saw the average income little changed, somewhere between a 0.1 percent decline and a 0.2 percent gain, depending upon the income category, the Times said.


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