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In the years since the great recession the bottom 90 saw annual wage growth of just 6 8 compared to the top 0 1 which experienced 19 2 growth.
Us top 10 percent income. Those in the top 10 saw 9 6 growth. To be counted amongst the top 5 percent income earners in 2017 you d have to have earned at least 299 810. The top 1 percent of taxpayers paid a 26 8 percent average individual income tax rate which is more than six times higher than taxpayers in the bottom 50 percent 4 0 percent. Us income inequality statistics editor s choice.
Economic policy institute this stat further underscores the huge disparity in income. For example if you live in new york or washington d c you ll need to earn four times the median income to crack the top 10. The top 1 percent paid a greater share of individual income taxes 38 5 percent than the bottom 90 percent combined 29 9 percent. However the size of this gap can vary widely depending on where you live.
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