+

Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

Close
HomeQuizzoneWhatsappShare Flash Reads
 

Here's Who Makes The Money In This Country - And Who Pays The Taxes

Dec 15, 2013, 20:26 IST

Business InsiderThe top 50% of earners make almost all of the money.One of the most challenging and important issues in the U.S. right now is the rise of income inequality.

Advertisement

The country's highest earners are taking home a bigger percentage of the national income than at any time since the 1920s.

That's hurting the rest of the country - and the rest of the country is understandably frustrated about that.

At the same time, in part because of this rising income disparity, the country's highest earners are paying the lion's share of the nation's income taxes.

The highest earners are frustrated about that.

Advertisement

It's easy to hear all the talk about inequality and taxes without being able to visualize this. So, last year, BI's Eric Platt and I put together some charts to illustrate it.

You are subscribed to notifications!
Looks like you've blocked notifications!
Next Article