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WSJ's profile
The Wall Street Journal
The Wall Street Journal
The Wall Street Journal
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@WSJ

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The Wall Street JournalVerified account

@WSJ

Breaking news and features from the WSJ.

New York, NY
wsj.com
Joined April 2007

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    The Wall Street Journal‏Verified account @WSJ 6 Aug 2012

    In the 1980s, the top 5% of Americans paid 28.5% of taxes. In the 2000s, they paid 40.3% of U.S. taxes.http://on.wsj.com/MYMVni 

    3:17 PM - 6 Aug 2012
    • 593 Retweets
    • 102 Likes
    • David Atkinson Peter Grant Patrick Smith KRenner ryar.bg JESSE_MΔDΞMOBB Mrs. Finley Victor T. VegasVRWC
    24 replies 593 retweets 102 likes
      1. New conversation
      2. Milt Shook‏ @MiltShook 6 Aug 2012
        Replying to @WSJ

        @WSJ That's HALF the story. How much of INCOME did the top 5% make in the 1980s compared with the 2000s?

        1 reply 1 retweet 0 likes
      3. 1 more reply
      1. sub-sub-librarian‏ @_devinmjohnson 10 Aug 2012
        Replying to @WSJ

        @WSJ Top 5%'s wages increased roughly 70% b/w '80 & '04, (2004 US Census) but they only pay 11.8% more in taxes? That's a sweet tax cut!

        0 replies 0 retweets 0 likes
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      1. Left Coast Gurl‏ @leftcoastgurl 8 Aug 2012
        Replying to @WSJ

        @WSJ ME: These poor misused Five Percenters...what was their average income?

        0 replies 0 retweets 0 likes
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      1. Emo Fudd‏ @etsailor 6 Aug 2012
        Replying to @WSJ

        @WSJ that's what happens when the middle class disappears. You reap what you sow.

        0 replies 0 retweets 0 likes
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      1. Rob Maxim‏ @robmaxim 6 Aug 2012
        Replying to @WSJ

        .@WSJ @cjpressner only b/c wealth has been disproportionate to the top income brackets since late '80s. Rich pay less today as a % of income

        0 replies 0 retweets 0 likes
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      1. Michael Buchman‏ @MichaelBuchman1 6 Aug 2012
        Replying to @WSJ

        @WSJ yeah but at the same time they had an increase in wealth of over 200% so that would be a lower rate. Moron

        0 replies 0 retweets 0 likes
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      1. phil‏ @OhNoNotPhil_ 6 Aug 2012
        Replying to @WSJ

        @WSJ what's the difference in wealth earned by the top 5% during those time periods ?

        0 replies 0 retweets 0 likes
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      1. William Kampf‏ @born2bear 6 Aug 2012
        Replying to @WSJ

        @WSJ Of course the top 5% pay more in taxes than they used to...they have VASTLY more INCOME.

        0 replies 0 retweets 0 likes
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      1. tj kennedy‏ @TJ_Kennedy 6 Aug 2012
        Replying to @WSJ

        @WSJ, whoa, that's misleading. The real story is the widening wealth gap behind your #'s! The rich got richer and paid more tax. That's it.

        0 replies 0 retweets 0 likes
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      1. S.E.Petersen‏ @ScottEPetersen 6 Aug 2012
        Replying to @WSJ

        @WSJ And the top 5% don't pay enough taxes why.....?

        0 replies 0 retweets 0 likes
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      1. Jon Heinz‏ @Wonderbread77 6 Aug 2012
        Replying to @WSJ

        @WSJ Jesus. You must take people as fools. Is there a more misleading statistic? If anything it goes against what you're insinuating.

        0 replies 0 retweets 0 likes
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      1. Lee Gregory Peck‏ @LeeGregoryPeck 6 Aug 2012
        Replying to @WSJ

        @WSJ Rich get richer+ pay more tax; the #Neoliberal model of #capitalism has worked. Big government+ naff central bankers wrecked it!

        0 replies 0 retweets 0 likes
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      1. Mike Moore‏ @MikeMoore5 6 Aug 2012
        Replying to @WSJ

        @WSJ a lot more money controlled by the top 5% in 2000s that in 1980s. #IncomeGap

        0 replies 0 retweets 0 likes
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      1. DOLLAROCRACY.com‏ @DOLLAROCRACY 6 Aug 2012
        Replying to @WSJ

        @wsj Not all of them! They pay obly capital GAINS tax rate under 14%! You know that! Should we get into off shore accounts?

        0 replies 0 retweets 0 likes
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      1. Kelly Marble‏ @marblekelly 6 Aug 2012
        Replying to @WSJ

        @WSJ In the 1980s, the top 5% of Americans paid 28.5% of taxes. In the 2000s, they paid 40.3% of U.S. taxes. <-- its called inflation.

        0 replies 0 retweets 0 likes
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      1. Daniel Pristavec‏ @dpristavec 6 Aug 2012
        Replying to @WSJ

        @WSJ not clear what this means? The rich got richer?

        1 reply 0 retweets 0 likes
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