“As the wealthy gain a greater share of wealth and income, they account for a growing share of spending, taxes and investments. The top 5% of earners now account for 37% of consumer outlays, according to Moody’s Analytics. The top 1% of earners pay 38% of federal income taxes. The richest 1% of Americans own more than half of the country’s individually held stocks, according to the Federal Reserve.”
- The Wild Ride of the Wealthiest 1% - WSJ.com
- The Wild Ride of the Wealthiest 1% - WSJ.com