income growth

Income Growth

1950 - 1975

1960 - 1985

1980 - 2005Source: Pikkety-Saez from IRS

Calculations by David Cay Johnston

Bottom 90% Top 1 Under More than$100,000 $350,000

$12,438

$ - 7

$45,609

$ 5,879 $216,675

$718,779

Income Growth Ratios

1950 - 1975

1960 - 1985

1981 - 2005

Source: Pikkety-Saez from IRS

Calculations by David Cay Johnston

Bottom 90% to Top 1%

$1 to $4

$1 to $17

$1 to $5,000

Income Growth Ratios

Source: Pikkety-Saez from IRS

Calculations by David Cay Johnston

The Top 1 percent is NOT a Cohesive Group

Threshold: $350,000 +/-

Peak: $3 billion +

Income Growth Ratios

1950 - 1975

1960 - 1985

1981 - 2005

Source: Pikkety-Saez from IRS

Calculations by David Cay Johnston

Bottom 90% to Top 1%

$1 to $4

$1 to $17

$1 to $ 5,000

Income Growth Ratios

1950 - 1975

1960 - 1985

1981 - 2005

Source: Pikkety-Saez from IRS

Calculations by David Cay Johnston

Bottom 90% to Top 1%

$1 to $4

$1 to $17

$1 to $ 5,000

Bottom 90% to Top 0.01%

$1 to $36

$1 to $459

$1 to $141,000

The Super Rich

Top Tenth of 1 per cent average income• 1960 $1.0 million• 1970 $1.2 million• 1980 $1.4 million• 1990 $2.5 million• 2000 $5.8 million• 2005 $5.6 million

The Super Super Rich

Top Hundredth of 1 per cent average income• 1960 $ 3.7 million• 1970 $ 4.2 million• 1980 $ 5.2 million• 1990 $10.1 million• 2000 $27.0 million• 2005 $26.3 million

American Income Pie

American Income Pie

The Rich Slice Gets BiggerTop Tenth of One Percent

The Typical American

Bottom 90% average income• 1960 $23,300• 1970 $31,100• 1980 $29,500• 1990 $28,800• 2000 $31,100• 2005 $29,500

Rich v. Poor

The Best-off 300,000 Americansmake almost as much as……?

A. 50 million

B. 100 million

C. 150 million

Rich v. Poor

The Best-off 300,000 almost as much as……?

C. 150 million

Rich v Poor2005

Bottom 20% Top 1%

Rich v Poor2003 to 2005

CIA World Factbook

Real RDP Growth RatesSelected Countries

RANK COUNTRY % Real Growth9 China 11.425 Russia 8.147 Cuba 7.0102 World 5.2112 Iraq 5.0114 Norway 4.9153 Netherlands 3.5155 Sweden 3.4156 Austria 3.3169 United Kingdom 2.9

183 United States 2.2

CIA World Factbook

Family Income DistributionGini Index of Selected Countries

Sweden 23

Germany 28

France 28

Norway 28

Australia 30

Netherlands 31

Spain 32

Canada 32

Italy 33

United Kingdom 34

Russia 41

United States 45

China 47

Venezuela 48

Mexico 51

Brazil 57