Top 1% income share in USA from 1913 – 2008
from David Ruccio
The distribution of top incomes (using tax data) for a wide variety of countries has been made available on the World Top Incomes Database thanks to the efforts of Facundo Alvaredo, Anthony B. Atkinson, Thomas Piketty, and Emmanuel Saez.
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Very interesting, but on the vertical axis, percentage of what?
Also, I have read somewhere that the top 1 percent of the USA
gets 8 percent of GNP. What do you know about it?
There’s either something missing from this graph or from my analytical skill. Where are the “average incomes” identified in the title?
John, I think there’s something wrong with their online system. You can ask (as I did) for both average and top 1 percent incomes but the graph only shows the top 1 percent. I’m not sure why. Maybe you’ll have better luck.
If the graph only shows the top one percent then if they own on average 18% of aggregate income (I can only assume thats what the percentage is) …thats worse than I thought.
Im even more depressed. It hasnt been like this in the U.S. since 1919 and the oil trusts and Randolph Hearst was running the country (and he had a vitriolic media too).
Ooh things are similar..the Wall St trusts and Rupert Murddoch are running the country now and the vitriol is being sprayed everywhere.
Time for some error corrections.
Another reason to be depressed. This inequality is not healthy.
A similar graph was published in 2006 in Inequality in America: The rich, the poor and the growing gap between them The Economist print edition. June 15th 2006 | WASHINGTON, DC