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View Diary: World's elite loots at least $21 trillion and stashes it in tax-avoiding hideaways (211 comments)

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  •  Total Personal Income = $13T for 2011 in US (2+ / 0-)
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    BlueDragon, ivorybill

    According to this link, the total personal income for the US in 2011 was nearly $13T ($12.98T).  

    But what was interesting to me was figuring that 10% of $13T is $1.3T which divided by 134M US income tax filers is roughly $10,000.  So since the richest 1% have increased their share of income by at least 10% over the last 30 years, the $10,000 represents how much each tax filer has lost to 1% in 2011!  I really don't get why we are arguing about keeping our middle class tax cuts, which pale in comparison to the $10,000 the 1% have taken from the rest of us.  We should just be demanding our damn money!  Just think of what an extra $10k for each tax filer would do for our economy?

    Poor man wants to be rich. Rich man wants to king. And the king ain't satisifed until he rules everything. B.Springsteen

    by howd on Mon Jul 23, 2012 at 10:57:10 AM PDT

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