Saturday, June 28, 2003
WASHINGTON (AP) -- America's richest got richer between 1992 and 2000, according to an Internal Revenue Service report released Wednesday.
The adjusted gross income of the country's top 400 taxpayers totaled almost $70 billion in 2000, according to the IRS, for an average of $173.9 million. The richest 400 in 1992 accumulated just under $19 billion, for an average of only $46.8 million.
In 2000, the 400 paid 22.3 percent of their income to federal income taxes, down from 26.4 percent in 1992.