The Top 400 Taxpayers Club

Bruce Bartlett's post at Economix looks at income inequality over the years. For members of the Top 400 Taxpayers Club, there's good news and bad news.

Good news. The effective tax rate paid by club members, which had risen to about 30% in 1995, was only about 20% in 2009.

Bad news. For about three out of four members, their club membership expired after one year and was never renewed.