Monday, November 7, 2011

After-tax income trend favors the 1%

In case you don't watch the national evening news or pick up the WSJ, this has been an attention grabbing head line as the government released income distribution trends from 1979 to 2007.  Clearly the 1% has certainly done well for itself.  What's sticks out to me besides the wide spread is the 81 to 99 percent who still do incredibly well but still nothing compared to the 1%.  Most people would see this class as extremely wealthy but even compared to the 1% they appear to be in a lower class.

Full report here

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