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Home » Discuss » General Discussion: Presidency Donate to DU
namahage Donating Member (678 posts) Send PM | Profile | Ignore Wed May-11-11 07:54 PM
Response to Reply #11
16. "Pat,"
Edited on Wed May-11-11 07:58 PM by namahage
It's a COMMA, not a DECIMAL POINT.

Comma: ,
Decimal point: .

1,685 =/= ("not equal to") 1.685.

Consider the top 1% of taxpayers. Even in a year that the Wall Street Journal acknowledges "was a bad year for the economy and thus for tax receipts," the top 1% reported to the IRS an Adjusted Gross Income (AGI) of

$1,685

billion dollars, amounting to 20% of the total reported household income that year, and around 12 percent of GDP. On this sum they paid $392 billion in taxes, an average tax rate of 23%.
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