Rich Getting Richer, Lower 90 Percent, Not so Much

Discussion in 'Politics' started by pal_of_poor, Aug 26, 2009.

  1. pal_of_poor

    pal_of_poor VIP Member

    Aug 14, 2009
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    America Has 134 Million Taxpaying Households

    Arranged by income, on a ladder with 100 rungs, each rung would have about 1.3 million taxpayers.

    The average income of the top 10 percent of American taxpayers rose 88.6 percent from 1970 to 2000, from $119,249 to $224,877 (adjusted for inflation).

    This group’s share of income grew from 1970 to 2000 from 33 percent, to 48 percent.

    The average income of the rest, the bottom 90 percent of earning households, stagnated over the last three decades, slipping from $27,060 in 1970 to $27,035 in 2000.

    In this group, average incomes share of the national income fell from 67 percent to 52 percent.

    Perfectly Legal, chart on p. 31

    These charts show only average incomes, not income shares.

    So, in a nutshell, under conservative Republicans, and equally conservative democrats that we get because in primaries we don’t choose folks like Kucinich, families who earn less than $120,000 a year, are making the same income adjusted for inflation, that they were in the seventies, no gain, in fact, loss.

    Do you and your family make more than $120,000 a year? Should you keep voting for people who are taking money away from you by sending jobs away, and doing everything they can to drive your salaries down?

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