Thursday, September 12, 2013

Highest Share for Top One Percent

IRS data shows that the top one percent of US earners collected 19.3 percent of household income in 2012. This exceeds the previous high of 18.7 percent in 1927.  Also, the top ten percent received more than 50 percent of total income.

Update (September 13):  The percentages for income excluding capital gains are slightly different.

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