The income of the 400 wealthiest Americans swelled in 2006, soaring nearly 23 percent from the previous year, to an average of $263 million, according to data released Thursday by the Internal Revenue Service. Since 1996, this group has nearly doubled its share of all income earned in the United States. Full Story »
Posted by Kaizar Campwala
Interesting compilation of statistics and totally out of meaningful or useful context. Utterly devoid of perspective or comparative analysis with the overall size of the economy in general. The New York Times can do much better.... The writer failed to mention the Dow doubled from 1996 to 2006 as well and too many other mistakes to enumerate..or that lower effective tax rates yield HIGHER tax revenues.
Articles about successful people are usually just boiled down to raw numbers..it would be nice to see a similar compilation when times are good on how many jobs this weatlh created, how many hospitals got donations, scholarships given, endowments fullfilled. Whats interesting is how much of the stolen Madoff money was Donated Money, given to help the less fortunate.