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Income inequality rose from 1913 to peaks in 1926 (1928 Gini 48.9, 1936 Gini 45.5) and 1941 (Gini 43.1), after which war-time measures of the Roosevelt administration began to equalize the income distribution. [20] Social Security was enacted in 1935.
Book Club: Stephanie Land What: Stephanie Land discusses “Maid: Hard Work, Low Pay, and a Mother’s Will to Survive” with Times reporter Paloma Esquivel at the L.A. Times Book Club. When: 6 p ...
Wealth_Inequality_in_America_by_politizane.webm (WebM audio/video file, VP8/Vorbis, length 6 min 24 s, 640 × 360 pixels, 229 kbps overall, file size: 10.46 MB) This is a file from the Wikimedia Commons .
The new report on wealth inequality comes from the nonpartisan Congressional Budget Office. America's top 10% controls 60% of the wealth. The bottom half holds 6%.
While pre-tax income is the primary driver of income inequality, the less progressive tax code further increased the share of after-tax income going to the highest income groups. For example, had these tax changes not occurred, the after-tax income share of the top 0.1% would have been approximately 4.5% in 2000 instead of the 7.3% actual figure.
The Price of Inequality: How Today's Divided Society Endangers Our Future is a 2012 book by Joseph Stiglitz that deals with income inequality in the United States. He attacks the growing wealth disparity and the effects it has on the economy at large.
A 2011 Congressional Research Service report stated, "Changes in capital gains and dividends were the largest contributor to the increase in the overall income inequality. Taxes were less progressive in 2006 than in 1996, and consequently, tax policy also contributed to the increase in income inequality between 1996 and 2006.
The bottom 20% in Atlanta earned an average income of $11,221 compared to $324,230 among the top 20%. Six Florida cities were among those with the most income inequality. These include Miami (#6 ...