Monday, March 15, 2010

How's That Trickle Down Economy Working For You?

On March 3, 2010 the Economic Policy Institute published this graph that shows the income growth of the top 400 American households compared to the rest of us over a 15-year period. 
What it shows is that while pre-tax income grew by a staggering 409% over that 15-year period, after tax income increased even more... by 476%. The third line shows the change in the pre-tax median household income over the same period, which grew only 13.2% (that's us).

The median pre-tax household income for a family of four in 2007 was $50,233, while the top earning 400 households earned a median income of $345 million, almost 6900 times as much income.

For the original article click on the headline. 

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