the Great Depression and Great Recession
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and about 8% from capital gains. By 2007
income from capital and business had decreased to 20%
with professional athletes and movie actors enjoying astronomical
and occupations requiring a college degree typically offer double the salary of those requiring a high
rapid expansion and those whose growth spurts quickly dissipate. In
and contrary opinions abound. In his influential 1975 book
and a degree of inequality is a necessary part of what keeps any
badly designed and implemented efforts to reverse this trend could
and the IMF recently called on lawmakers to
29.2% live in poverty and 46.2% live near the poverty level
has long argued along similar lines. He claimed that his 2010 federal tax bill--income taxes and
such as the earned income and child tax credits
with 0 indicating complete equality and 1.0 indicating complete
Trends in the Distribution of Household Income Between 1979 and 2007