The top 1% took home 93% of the income in 2010, bottom 90% lost money

15 Mar

In case you missed it: “The bottom 90% of Americans lost $127, the bottom 99% of Americans gained $80, and the top 1% gained $105,637.  The bottom 99% is net positive for the year because of around $125 in average capital gains.  They can take comfort in efforts by the Right to set the capital gains tax to 0%, which would have netted them an addition couple dozen bucks.”

Mike Konczal does the analysis.

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