[lbo-talk] raise in productivity but shrinking of income...

suzume at mx82.tiki.ne.jp suzume at mx82.tiki.ne.jp
Thu Jul 29 06:47:31 PDT 2004


http://www.nytimes.com/2004/07/29/business/29tax.html? hp=&pagewanted=print&position=

July 29, 2004

I.R.S. Says Americans' Income Shrank for 2 Consecutive Years By DAVID CAY JOHNSTON

The overall income Americans reported to the government shrank for two consecutive years after the Internet stock market bubble burst in 2000, the first time that has effectively happened since the modern tax system was introduced during World War II, newly disclosed information from the Internal Revenue Service shows.



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