1955: 51.2%. 2007: 16.6%.

[hfojvt]

16. it's not ALL about the Fab 400

but they do make a good example. 51.2% vs. 16.6%

http://journals.democraticunderground.com/hfojvt/123

The cummulative loss since 1995, including 4% interest, totalled $88.7 billion in 2007. Again, a mere drop in the deficit bucket, but the fab 400 are also just the tip of the wealthy iceberg.

Their share of income was just 1.59% of all income. That is way up from the .49% it was in 1995, but still a fairly small slice. In 2005, those with incomes over $10 million (and there were 13,776 such families, including the fab 400) got 5.1% of all income. A table follows

income - number - percent of income (2005 IRS data)
>10,000,000 - 13,776 - 5.1
>5,000,000 - 21,431 - 2
>2,000,000 - 84,070 - 3.4
>1,500,000 - 56,615 - 1.3
>1,000,000 - 127,925 - 2.1
>500,000 - 524,506 - 4.8 (total 18.7% to top .67% of filers)
>200,000 - 2,737,802 - 10.6 (total 29.3% to top 2.67% of filers)
<25,000 - 57,898,144 - 9.2
all filers - 134,372,678

The families in the top 10% had 48.6% of the taxable income in 2005 and they benefitted tremendously from the Bush and Clinton tax cuts.