April 21, 2011

Myths About Millionaires

Veronique de Rugy

George Gibbs Chair in Political Economy

Veronique de Rugy debunks myths about US taxes on Bloomberg's Reality Check, including who the "Top 10%" of earners in America are, and how much they pay in taxes.

“There is a lot of confusion about top income earners,” says de Rugy. “You know how much income it takes to make it to the top 10 percent? One-hundred fourteen thousand dollars. If you’re a policeman making $60,000, and you get married to a teacher making $60,000, as a household, you are in the top 10 percent.”