In 1967, annual Census surveys show, America's middle 20 percent collected more income than America's top 5 percent. New Census figures show a different story. These figures actually understate the top 5 percent income share since they don't include capital gains. A new analysis of IRS data by economist Emmanuel Saez that does shows a 36 percent top 5 share.
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In 1967, annual Census surveys show, America's middle 20 percent collected more income than America's top 5 percent. New Census figures show a different story. These figures actually understate the top 5 percent income share since they don't include capital gains. A new analysis of IRS data by economist Emmanuel Saez that does shows a 36 percent top 5 share.