Monday, August 25, 2008

But I thought this was worse than the Great Depression

Average Income Rises Above ’00 Level - "Americans enjoyed higher average income in 2006 for the first time since 2000, when the last economic expansion ended, the latest tax data show.

Adjusted gross income reported on tax returns in 2006 averaged $58,029. In 2006 dollars that was an increase of $739, or 1.2 percent, from the $57,289 average in 2000, analysis of Internal Revenue Service data showed."

Somebody better tell the O and Joe Show.

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