Facts That Make A Difference
1. DEBT - From the end of 1997 to the end of 2007, the total amount of mortgage debt held by Americans increased by nearly $7 trillion (to $10.5 trillion), an annual increase of almost +11% per year (source: Federal Reserve).
2. NO WORK FOR MANY - There were 7.7 million unemployed workers in the USA in December 2007. That total grew to 10.1 million idled workers in October 2008 (source: Department of Labor).
3. SELLING TO AMERICA - 40% of all imports shipped into the USA are processed through the docks of Los Angeles and Long Beach, CA (source: Financial Times).
4. TAX STATS - In 1980, the top 1% of US taxpayers earned at least $81,000 in adjusted gross income (AGI), accounted for 8% of all AGI nationwide and paid 19% of all federal income tax. In 2006 (the most recent year for which data is available), the top 1% of US taxpayers earned at least $389,000 in AGI, accounted for 22% of all AGI nationwide and paid 40% of all federal income tax (source: Internal Revenue Service)
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