Why Our Lives Feel Squeezed: 400 Reasons

We don’t know who exactly filed the tax returns with America’s 400 largest incomes in 2010. The IRS won’t reveal any of these 400 individually by name. But a just-released new IRS annual report on America’s highest incomes has revealed just about everything else about these top 400, from how much they claim in deductions to how much their incomes have swelled over time. And these top 400 incomes, the IRS data show, have done some significant swelling. Back in 1992, the 400 highest incomes reported on America’s tax returns averaged $46.8 million. In 2010, the top 400 averaged $265.1 million… Read more…