The so-called rising wealth-disparity
He points out, to begin with, that "[t]he top 1% of households never received anything remotely approaching 16% of personal income (national income includes corporate profits). The top 1% of tax returns accounted for 10.6% of personal
REYNOLDS DEMOLISHES THE "TOP 1%" MYTHS
As many others have done, Virginia's Democratic Senator-elect Jim Webb recently complained on this page of an "ever-widening divide" in America, claiming "the top 1% now takes in an astounding 16% of national income, up from 8% in 1980.
The politically correct yet factually incorrect claim appears
The top 1% of households never received anything remotely approaching 16% of personal income (national income includes corporate profits). The top 1% of tax returns accounted for 10.6% of personal income in 2004.
Alan Reynolds on *Income and Wealth*
The opening question: is it true that America's top one percent takes in sixteen percent of national income? Maybe not. I don't usually offer such long excerpts, but if this is true, it is very, very important
Americans See Widening Rich-Poor Income Gap as Cause for Alarm
The portion of national income earned by the top 20 percent of households grew to 50.4 percent last year, up from 45.6 percent 20 years ago; the bottom 60 percent of US households received 26.6 percent, down from 29.9 percent in 1985,
Australian National Accounts: National Income, Expenditure and
Farm GDP is projected to fall to $21.5b in 2006-07
The Top 1%… of What?
Reynolds discounts Virginia's Democratic Senator-elect Jim Webb’s recent complaint of an "ever-widening divide" in America, claiming "the top 1% now takes in an astounding 16% of national income, up from 8% in 1980.
National Income Part 3
So to measure national income, we can either (1) add up how much each person in the economy spends or (2) add up how much each person in the economy earns. The first method of measuring national income is the “expenditure approach” and
National Income Part 1
The most common economic indicator that you often read on papers or hear in news is the national income (sometimes known as national output) and economic growth. "Output grew at an annual rate of just 2.5% in the second quarter of the
National Income Part 4
Why is there so much attention given to the national income figures of a country? Using the expenditure approach, we arrive at the national income of a country by measuring the total expenditure (or spending) in a year.
national+income: national average income , national income accounting , national average income , national income accounting , national+income