Income Inequality: We Are Now Less Inequal Than We Were In 2007

November 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

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