The Rich Richer . . . What a suprise!
Kevin Hall Reports In 2004, the richest 1 percent of households – 719,910 of them, with an average annual income of $326,720 – had 19.8 percent of the entire nation’s pretax income. That’s up from 17.8 percent a year earlier, according to a study by University of California-Berkeley economist Emmanuel Saez. The study, titled “The …