Income distribution in 1986 - IRS estimates

The top 1% got 11.3% of all income

The bottom 50% got 16.7%


Income distribution in 2006 - IRS estimates

Top 1% now get 22.1% of all income

bottom 50% get only 12.5%

Share of the top 5% has risen from 24.1% to 36.7%

Share of the bottom 75% has fallen from 41% to 31.8%

Average income of the top 1% has grown, while the bottom has lost

year        top 1%       bottom 50%
1986      $513,752         $15,154
2006    $1,320,289        $14,979

If the 20 years after 2006 are like the 20 before it, this is what income distribution will look like in 2026


The top 1% takes 43% of the pie while the bottom 90% gets only 36%

Think that is far-fetched?  WEALTH distribution already looks like that. The more of the pie that goes to the top 1%, the less crumbs are remaining for the bottom 75%.

Here, again, are the income levels for each group.

top 1% - over $388,806,  average $1,320,289
next 4% - over $153,542,  average $218,434
next 5% - over $108,904,  average $127,532
next 15% - over $64,702,  average $87,147
next 25% - over $30,563,  average $46,265
bottom 50% - less than $30,563, average $14,979

These results are not an accident, nor are they inevitable. They are the result of policies, tax cuts, that purposely benefit the rich.