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Inequality rising:…

Tags: average household income, average household income 2005, cbo, congressional budget office, federal tax rates, household incomes, inequality, inflation,
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Language: english
Created: Mon Feb 25 05:27:30 2008
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                                                Inequality rising: inflation-adjusted
                                                household incomes, 1979-2005



                                    1,000,000
Average household income (2005 $)




                                     750,000



                                                                                   Top 1%

                                     500,000




                                     250,000



                                                         Middle 60% and bottom 20%
                                      50,000
                                           0
                                                1980     1985     1990      1995    2000    2005
                                                                     Year

                                      Note: Posttax-posttransfer incomes. The data are averages
                                      within each group. Source: Lane Kenworthy, using data from
                                      the Congressional Budget Office, "Historical Effective
                                      Federal Tax Rates: 1979 to 2005," available at www.cbo.
                                      gov/ftpdoc.cfm?index=8885&type=2.