DAVID CAY JOHNSTON, COMMON DREAMS - Income inequality grew significantly
in 2005, with the top 1 percent of Americans - those with incomes that
year of more than $348,000 - receiving their largest share of national
income since 1928, analysis of newly released tax data shows.The top 10
percent, roughly those earning more than $100,000, also reached a level
of income share not seen since before the Depression.
While total reported income in the United States increased almost 9
percent in 2005, the most recent year for which such data is available,
average incomes for those in the bottom 90 percent dipped slightly
compared with the year before, dropping $172, or 0.6 percent.
The gains went largely to the top 1 percent, whose incomes rose to an
average of more than $1.1 million each, an increase of more than
$139,000, or about 14 percent.
The new data also shows that the top 300,000 Americans collectively
enjoyed almost as much income as the bottom 150 million Americans. Per
person, the top group received 440 times as much as the average person
in the bottom half earned, nearly doubling the gap from 1980.
http://www.commondreams.org/archive/2007/03/29/163/
||||||||||||||||||||||||||||||||||||||||||||||||||||||||
in 2005, with the top 1 percent of Americans - those with incomes that
year of more than $348,000 - receiving their largest share of national
income since 1928, analysis of newly released tax data shows.The top 10
percent, roughly those earning more than $100,000, also reached a level
of income share not seen since before the Depression.
While total reported income in the United States increased almost 9
percent in 2005, the most recent year for which such data is available,
average incomes for those in the bottom 90 percent dipped slightly
compared with the year before, dropping $172, or 0.6 percent.
The gains went largely to the top 1 percent, whose incomes rose to an
average of more than $1.1 million each, an increase of more than
$139,000, or about 14 percent.
The new data also shows that the top 300,000 Americans collectively
enjoyed almost as much income as the bottom 150 million Americans. Per
person, the top group received 440 times as much as the average person
in the bottom half earned, nearly doubling the gap from 1980.
http://www.commondreams.org/archive/2007/03/29/163/
||||||||||||||||||||||||||||||||||||||||||||||||||||||||
No comments:
Post a Comment