Sunday, July 24, 2011

Bill Clinton: Top 1% can afford to pay more tax

Bill Clinton: Top 1% can afford to pay more tax

WWII to 1980
Bottom 90% of American income earned 65% of national income, top 10% earned 35%,  top 1% earned 9%

1981 to 2001
bottom 90% dropped from 65% to 52%,  top 10 went from% 35 to 48%,  top 1% went from 1% to 22%

2001 - 2011
90% of income gains went to the top 10%, 40% went to top 1%
Posted by FateIT at 6:29 PM

2 comments:

  1. GMSoccerPicksJuly 24, 2011 at 7:38 PM

    Not surprising, yet noteworthy.

    ReplyDelete
  2. Thomas Duder, Author of the ThingsJuly 24, 2011 at 10:40 PM

    I hate to repeat what GMSoccerPicks said...

    But it's the friggin' truth.

    The richer gets richer, the poorer gets poorer, the glass cieling of the middle class gets so thick there's no way for either of them to climb up anymore.

    ReplyDelete

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