Income Inequality: We Are Now Less Inequal Than We Were In 2007November 13, 2011 5:49 pm
We spotted this today:
“According to the IRS, people making more than $500,000 accounted for 27% of the nation’s income in 2007. In 2009, the latest year available, their share fell by nearly half, to 14%, due largely to income declines at the top.
Those making $200,000 saw a similar decline. In 2007, they accounted for 41% of the nation’s income. By 2009, their share had shrunk to 26% — the same level it was in 2000.”
Statistics Source: WSJ