Everyone knows that the rich get richer. But not every day does the Government disclose how it happens. Last week the Treasury Department issued a report showing that in 1983 some 55,000 taxpayers with incomes exceeding $250,000 paid a lower percentage of their income in federal taxes than the average middle-income family of four. At least 1,900 of these high earners paid no tax at all.
The Treasury report showed that a family of four with an income of $45,000 paid an average of $6,272 in federal taxes in 1983. Yet some 30,000 taxpayers who made more than five times as...
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