Monday, June 4, 2012

The Washington Post: The CBO takes on income inequality

The incomes of the wealthiest 1 percent have nearly tripled since the late 1970s. 
Everyone else? Not so much.
The chart sets the scene. 
The after-tax incomes of the middle class (the 21st to 80th percentiles) have grown at about 1 percent per year since 1979, adjusting for inflation. 
The incomes of the wealthiest 1 percent, meanwhile, have zoomed upward at a consderably faster pace.

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