Thursday, December 13, 2007

Income Gap At Its Most Grand Canyon-est Ever!

In keeping with W's new national parks initiative I thought I'd put a positive spin on the new analysis by Jared Bernstein of the Economic Policy Institute (I <3 Bernstein.)

*Income inequality among households, both before and after Federal taxes, grew more quickly over the last two years of the series, 2003-05, than over any other two-year period on record, back to 1979.

*If we break households in groups of 20% each by income, well over half of household income (55%) was held by the richest fifth in 2005, the highest such share on record.

1 comment:

Anonymous said...

Good thing the progressive tax is in place to punish the upper tax brackets. You know, the 10% of Americans that pay 70% of the income tax burden: