Reuters Via Yahoo:
The richest one percent of Americans earned a postwar record of 21.2 percent of all income in 2005, up from 19 percent a year earlier, reflecting a widening income disparity among different classes in the nation, the Wall Street Journal reported, citing new Internal Revenue Service data.
The data showed that the fortunes of the bottom 50 percent of Americans are worsening, with that group earning 12.8 percent of all income in 2005, down from 13.4 percent the year before, the paper said. Read more...
The IRS has obviously been infiltrated by dirty f**king hippies. How will the Republican presidential candidates deal with this information? George Will is certain the economy won't play a role in the '08 elections, but as Steve wrote, Americans aren't buying the GOP happy talk about how great the current economy is for all of us.
