Income Inequality Reached Record High In 2021, Even As Richest Paid The Lowest Tax Rate In 8 Years
September 17, 2024
September 17, 2024
WASHINGTON, Sept. 17 (TNSres) -- Americans for Tax Fairness issued the following news release on Sept. 16, 2024:
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CBO: Top 1% Averaged $3.1M of Income-42 Times That of the Bottom 90%
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Income inequality reached a sobering new high in 2021, with the top 1% of households reporting on average $3.1 million of income-a 31% increase from the year prior, and 42 times more income than the average household in the bottom 90%, according to a new . . .
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CBO: Top 1% Averaged $3.1M of Income-42 Times That of the Bottom 90%
* * *
Income inequality reached a sobering new high in 2021, with the top 1% of households reporting on average $3.1 million of income-a 31% increase from the year prior, and 42 times more income than the average household in the bottom 90%, according to a new . . .