From the Congressional Budget Office via Brad DeLong and Ezra Klein:
Its astonishing the leap within the top 5th, particularly the top 1%. Granted, the top 1% starts around $300K or so if I'm not mistaken--so the numbers are a bit distorted in this category since it includes the likes of Bill Gates and A-Rod with the likes of a duel-income family making $300K. Maybe a calculation of the median for the top1% would be more appropriate; or maybe breaking the top 1% into smaller sub-categories (0.1%, 0.001%, etc.)
3 days ago


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