Forum Post: Here are the numbers.

It may be that this info has already been published here, but just in case not, this may be helpful to the cause:

US Household Income (AFTER-tax) 1979 -2007 as provided by the US Congressional Budget Office.

Note: 2007 was the most recent year presented in a camparative analysis with previous years (back to 1979). The study was not published until 2010. Obviously, things have changed since 2007. If anyone can provide updated information, please do.

Here is a synopsis of the most telling aspects of the CBO study:

After-tax Household Income, Lowest Quintile (bottom 20%)

*1979 - $15,300
*2007 - $17,700
*Increase after 28 years - 15% (or $2,400)

After-tax Household income, Top 1%

*1979 - $346,600
*2007 - $1,319,700
*Increase after 28 years - 381% (or $973,100)

Top 1% After-tax income trajectory relative to the Lowest 20%

*1979 - 22.6 times greater
*2007 - 74.5 times greater

In case my numbers or math is incorrect, here's a link to the page: http://www.cbo.gov/publications/collections/tax/2010/average_after-tax_income.pdf

Interesting side note: I tried posting this info to Bloomberg the other day. It was rejected. And that was immediately following a long tirade by an irrate individual chanting death to the "banksters". Evidently, it seems, real numbers are more frightening.