Tuesday, January 29, 2008

What does the top 1% own in the US

Some facts:

  • The increase in wealth of the top 1% is more than the total wealth of the bottom 20% of the US population.
  • The top 1% paid 27% of all federal taxes.
  • The top 1% had 18% of all income in the US.
  • The top 5% own 59% of all the wealth (back in 1998). That means they own more wealth than the rest of the 95% of the people.

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