Home » Topics » irs statistics

Study: Top 1 percent in U.S. saw incomes rise 275 percent in just 28 years

The top 1 percent of earners in the United States saw their average household incomes grow a whopping 279 percent from 1979 to 2007, according to a Congressional Budget Office (CBO) study (PDF) published this week. For the lowest earners, what the CBO described as the poorest fifth of America,…