Richest 400 Earned $263 Million in 2006

New York Times by Lynnley Browning | Jan. 30, 2009 (News Report)

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 »

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4.5
 by Michele Kelly - Feb. 1, 2009

This is quality journalism because it portrays both sides of an issue: It reports the income and taxes paid by the the wealthiest of Americans and contrasts these figures against the rest of us taxpayers.

I've seen the issue of need for tax reform reported in a couple of other stories in non-mainstream media publications. It heartens me to see the issue broached in the widely read NYT.

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Michele's Rating

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