(H/T – Dad29)
Buried in an early-August Reuters story on the preliminary 2009 Statistics of Income tables produced by the Internal Revenue Service is this little “gem”:
The number of Americans reporting incomes of $10 million or more also plunged even more than the steep drop in income for the population as a whole.
Just 8,274 taxpayers reported income of $10 million or more in 2009, down 55 percent from 18,394 in 2007. Compared with 2007, total real income of these top earners in 2009 fell 58.6 percent to $240.1 billion, but average income slipped just 8.1 percent to $29 million.