The Motley Fool Discussion Boards

Previous Page

Investment Analysis Clubs / The BMW Method


Subject:  Re: Bargain hunting Date:  11/17/2012  1:44 PM
Author:  Carpian Number:  40794 of 42001

The top 2% percent of income tax payers, roughly those making over $250K, pay about 44% of the income tax in this country. Think about it - is that fair?

But what % of the income do those 2% make?

The average annual income of the top 1 percent of the population is $717,000, compared to the average income of the rest of the population, which is around $51,000....Altogether, the top 1 percent control 43 percent of the wealth in the nation; the next 4 percent control an additional 29 percent.

It’s historically common for a powerful minority to control a majority of finances, but Americans haven’t seen a disparity this wide since before the Great Depression — and it keeps growing.

Copyright 1996-2016 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us