Wednesday, November 4, 2015
Scott Greenberg (Tax Foundation), Income Inequality Decreased Significantly in 2013:
The top 1% of American households made a smaller share of national income in 2013 than 2012, according to new statistics from the IRS. Overall, the recently released statistics show a more equal income distribution in 2013 than the year before.
In 2013, the 1% highest-income households earned 19.04 percent of all adjusted gross income reported on tax returns. This figure is down from 2012, when the top 1% of households earned 21.86 percent of adjusted gross income. Overall, the share of income earned by the top 1% of households shrunk by roughly 13 percent in 2013.
Looking at figures from other income groups, it is clear that income inequality decreased across the board in 2013.