Here's what's behind some of the "We Are the 99%" ire:
Growth in Real After-Tax Income from 1979 to 2007
The data and charts are courtesy a new Congressional Budget Office report.
So that everybody knows what we're measuring: After-tax income is income after federal taxes have been deducted and government transfers—which are payments to people through such programs as Social Security and Unemployment Insurance—have been added.
For those who prefer to read words vs. interpret charts:
- For the 1 percent of the population with the highest income, average real after-tax household income grew by 275 percent (see figure below).
- For others in the 20 percent of the population with the highest income, average real after-tax household income grew by 65 percent.
- For the 60 percent of the population in the middle of the income scale, the growth in average real after-tax household income was just under 40 percent.
- For the 20 percent of the population with the lowest income, the growth in average real after-tax household income was about 18 percent.
More from Star Tribune
More from Star Tribune
More from Star Tribune
More from Star Tribune
More from Star Tribune
More from Star Tribune
More from Star Tribune
More From Star Tribune
More From Star Tribune
Sports
Minnesota Sports Hall of Fame: A class-by-class list of all members
Who's in the Star Tribune Minnesota Sports Hall of Fame? From Bernie Bierman to the latest class, here's the list:
Sports
This retired journalist changed professional wrestling from Mankato
Norm Kietzer was a pioneer in professional wrestling journalism for 40 years.
High Schools
All-Metro Sports Awards: Here are the 2023 winners
The Star Tribune recognized the best of metro area high school athletes with its sixth annual All-Metro Sports Awards. Here are the 2023 winners, who were honored Wednesday night at Target Center.