AMERICAN INCOMES DECLINED DURING BUSH REGIME

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WILMINGTON STAR - The average income in 2005 was $55,238, nearly 1
percent less than the $55,714 in 2000, after adjusting for inflation.
Americans earned a smaller average income in 2005 than in 2000, the
fifth consecutive year that they had to make ends meet with less money
than at the peak of the last economic expansion, new government data
shows. While incomes have been on the rise since 2002, the average
income in 2005 was $55,238, still nearly 1 percent less than the $55,714
in 2000, after adjusting for inflation, analysis of new tax statistics
show.

Total income listed on tax returns grew every year after World War II,
with a single one-year exception, until 2001, making the five-year
period of lower average incomes and four years of lower total incomes a
new experience for the majority of Americans born since 1945. . .

The growth in total incomes was concentrated among those making more
than $1 million. The number of such taxpayers grew by more than 26
percent, to 303,817 in 2005, from 239,685 in 2000.

http://www.wilmingtonstar.com/article/20070821/ZNYT01/708210407/1002/business


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