Top 1 Got 93 Of Income

Sfgate via top 1 got 93 of income growth as rich poor gap widened in u s.

Top 1 got 93 of income. The takeaway quote from saez should be. In the first year of the recovery 93 percent of all income gains went to the top 1 percent. Top 1 got 93 of income growth as rich poor gap widened peter robison october 2 2012 12 01 am edt share this article. Figure 1 presents the income share of the top decile from 1917 to 2010 in the united states.

Top 1 got 93 of income growth as rich poor gap widened. The bottom 99 is net positive for the year because of around 125 in average capital gains. In 2010 the top decile includes all families with market income above 108 000. Families captured as much as 93 percent of the nation s income growth according to a march paper by emmanuel saez a university of california at berkeley economist who studied internal revenue service data.

In 2010 the top 1 percent of u s. Share tweet post email since 2009 anita reyes wages have been as. The top 1 captured 93 of the income gains in the first year of recovery the bottom 90 of americans lost 127 the bottom 99 of americans gained 80 and the top 1 gained 105 637. The overall pattern of the top decile share over the century is u shaped.

In other words the very rich had a bad 2009 but an incredible 2010. Oil slave the first order of business must be to clean up the corrosive residue of evil perpetrated in the past. Updated 7 09 am cdt tuesday october 2 2012. Peter robison bloomberg news.