The fear of rich people disappearing can be found in the editorial in the WSJ which was headlined: “Millionaires Go Missing.”  The section stressed IRS statistics revealing that the quantity of American tax filers having earnings of $1 million or more had fallen by 39% from 2007 to 2009.  In 2009, it was found out that there are 237,000 million more earners, and this is below from 390,000 in 2007.  There are four in ten million more earners disappearing in two years.  This news should be disturbing for both parties.  Democrats should be bothered that the rich individuals produced fewer profits in 2009.

Excerpt:

“The piece highlighted IRS figures showing that the number of American tax filers with incomes of $1 million or more had declined by 39% between 2007 and 2009.”

Original article can be found at:

http://blogs.wsj.com/wealth/2011/08/18/why-are-million-dollar-earners-vanishing/

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