Tag Archives: . Forbes

America’s Ridiculously Rich: the 2014 Edition

Since 1989, Federal Reserve figures show, the median net worth of families in America’s statistical middle class has dropped from $75,300 to $61,700, after taking inflation into account. This year, for the first time ever, Forbes has assigned a “self-made score” to every one of America’s richest 400. More than two-thirds of this year’s 400, Forbes claims, rate as “self-made.”

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900 Rich Won’t Contribute to Social Security

While almost all working Americans will pay into Social Security through their paychecks throughout the year, the 900 wealthiest people in the country won’t. That’s because the highest-earning 0.0001 percent of the U.S. — many of them corporate CEOs — made $117,000 in the first two days of the year, which is the maximum annual income that is subject to Social …

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