"Incomes of bottom 90 percent grew $59 in forty years"

Incomes of bottom 90 percent grew $59 in forty years

By Natasha Lennard at Salon

http://www.salon.com/2013/03/25/incomes_of_bottom_90_percent_grew_59_in_40_years/

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Johnston offered a visual analogy for the disparity in a column for Tax Analysts last month:

The vast majority averaged a mere $59 more in 2011 than in 1966. For the top 10 percent, by the same measures, average income rose by $116,071 to $254,864, an increase of 84 percent over 1966.

Plot those numbers on a chart, with one inch for $59, and the top 10 percent’s line would extend more than 163 feet.

Now compare the vast majority’s $59 with the top 1 percent, and that line extends for 884 feet. The top 1 percent of the top 1 percent, whose 2011 average income of $23.7 million was $18.4 million more per taxpayer than in 1966, would require a line nearly five miles long.


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