Top Income Brakets Making Less in Recent Years

[BakshisMouse]

From Greg Mankiw's blog:

According to the most recent IRS data, between 2007 and 2009, the 99th percentile income (AGI, not inflation-adjusted) fell from $410,096 to $343,927. The 99.9th percentile income fell from $2,155,365 to $1,432,890. During the same period, median income fell from $32,879 to $32,396.

This might not be a surprise, but it certainly points out that the middle and lower classes were not the only ones suffering from the recession.

These numbers, while recently compiled, only go to 2009, which is currently the worst year of the recent crisis. However, like Mankiw says on his blog, the income at the top is very volatile, so who knows what the these numbers are going to be when they're compiled a year or two from now.

 

[WillowTree]

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[chanel]

Just curious. When the 1 percent are eaten, will the 99 percent become the 100 percent? Or will have to trash the entire decimal system? Liberal math confuses me.