Add in Italian and Spanish sovereign debt, too (hence, the PIIGS acronym) and, as the table shows, exposure is still below 1% at six of the banks.

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As Table 2 shows very clearly, the top 0.1% and top 1% of earners (which includes all millionaires and billionaires) had major increases in their income tax payments between 2003 and 2007, both in absolute dollars as well as in their % contribution to total taxes while the 25-50% income group and the bottom 50% income group saw their share of total taxes fall and their absolute tax payments increased trivially.

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