Center on Budget and Policy Priorities June 25, 2010
The gaps in after-tax income between the richest 1 percent of Americans and the middle and poorest fifths of the country more than tripled between 1979 and 2007 (the period for which these data are available), according to data the Congressional Budget Office (CBO) issued last week.
Taken together with prior research, the new data suggest greater income concentration at the top of the income scale than at any time since 1928.
The nation cannot really afford to coddle the rich anymore. The top quntile (20 per cent) of Americians now haul in half of the income.
See http://www.hillbillyreport.org/
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Taken together with prior research, the new data suggest greater income concentration at the top of the income scale than at any time since 1928.
The nation cannot really afford to coddle the rich anymore. The top quntile (20 per cent) of Americians now haul in half of the income.
See http://www.hillbillyreport.org/
Subscribe to the Rightardia feed: feeds.feedburner.com/blogspot/IGiu
Netcraft rank: 8549 http://toolbar.netcraft.com/site_report?url=http://rightardia.blogspot.com
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