Average US income rose in 2006 1st time since 2000

[Jim]

http://www.nytimes.com/2008/08/26/business/economy/26income.html?_r=1&oref=slogin

Damn that Bush !

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.

Total income increased by $619.2 billion or 8.3 percent, all of which went to those making more than $75,000, and 42 percent of which went to the roughly one in 400 taxpayers who made more than $1 million in 2006.

Average income fell sharply in 2001 and in 2002, when it dropped to $51,870, off nearly 10 percent from 2000, tax data show. The average grew slightly in 2003.

Average income grew significantly in 2004, rising $2,291, and again in 2005, when the average increased by $2,210. Income growth continued in 2006, but at a much slower pace, increasing by $1,369 over the 2005 average once inflation is taken into account.

[Chris_]

In this * eonomy?

How stupid we, as Americans, have become.  We let the MSM tell us what the current economic situation is, then poll us about what you have told us the situation is.

[Hawkgirl]

Odd...I've gotten a 5% raise every year for the past 7 years....in a non-union hospital, after receiving "outstanding" on my performance Evals.

I love the liberal talking point "the disaster that Bush has left us in..we need a change" I respond with a "really?  i"m not sure what you're talking about...I'm doing better now than I've ever been"
It seems to shut them up, when they realize they are doing better as well.

The ammunition that works against liberals....truth and common sense.