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Tuesday, June 05, 2012

Income Of Top 400 Fell 25% In 2009

Thanks to the stock market crash of 2008, the nation’s 400 highest income taxpayers reported 25% less income in 2009—an average of only $202.4 million each in adjusted gross income each, down from $270.5 million in 2008. The decline was almost entirely due to a drop in the net capital gains they realized.

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