OTTAWA — Canada’s one-percenters now earn at least $191,000 per year, before tax, according to newly released data from Statistics Canada’s 2011 National Household Survey.
In that year, entry into Canada’s exclusive top one per cent of earners required making at least $191,100 — an amount seven times greater than the national median income of $29,900.
Despite a devastating recession, the collective personal wealth of congressional members increased by more than 16 percent between 2008 and 2009, according to study released Wednesday by the Center for Responsive Politics. The study also found that more than half of all members—261—were millionaires.
Despite a devastating recession, the collective personal wealth of congressional members increased by more than 16 percent between 2008 and 2009, according to study released Wednesday by the Center for Responsive Politics.
"The message for strivers is that if you want to be very, very rich, start out very rich," is the wondrous conclusion Bloomberg BusinessWeek's Peter Coy has from delving into the details of the latest data on income growth in America. The richest 0.1 percent of the American population has rebuilt its share of wealth back to where it was in the Roaring Twenties.
Submitted by Michael Snyder via The End of The American Dream blog, No wonder Washington never changes – 79 members of Congress have been there since Bill Clinton’s first term in the White House. This list includes names such as Reid, Feinstein, McConnell, McCain, Pelosi, Boehner, Rangel and Boxer.
The House Ethics Committee altered its method for documenting travel expenses for members of Congress that are paid for by outside groups. Until this year, members of Congress have been required to record these free trips on Financial Disclosure Statements, which are completed annually and accessible to the public.