All that yapping about "American taxpayers are burdened by too much taxes" sure paid off for these 400 people. What about the other 200+ million taxpayers?
Here's a bit from a comment by David Wessel in his blog on the Wall Street Journal:
In its annual update of the taxes paid by the 400 best-off taxpayers, who aren’t identified, the IRS also said that only 220 of the top 400 were in the top marginal tax bracket. The 400 best-off taxpayers paid an average tax rate of 16.6%, lower than in any year since the IRS began making the reports in 1992.You really have to pull out a hankie and shed a few tears for these guys. They didn't qualify for the top tax rate because they are "struggling" with incomes above $138 million. Yeah, I know it is tough. It only makes sense that they are taxed at a lower rate. They have it tough!
To make the top 400, a taxpayer had to have income of more than $138.8 million. As a group, the top 400 reported $137.9 billion in income, and paid $22.9 billion in federal income taxes.
About 81.3% of the income of the top 400 households came in the form of capital gains, dividends or interest, the IRS data show. Only 6.5% came in the form of salaries and wages.