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Wealth Inequality

 WEALTH INEQUALITY IN U.S

  • The most visible indicator of wealth inequality in America today may be the Forbes magazine list of the nation’s 400 richest.According to IPS analysis of Saez and Zucman data, as America’s richest .01 percent have accumulated more wealth, they have paid a smaller share of total U.S. taxes.
  • In 2018, the tax share of the top .01 percent was close to what it was in 1953. By contrast, their share of the nation’s wealth nearly quadrupled during that period, rising from 2.5 percent to 9.6 percent.
  • The three men at the top of that list — Amazon founder Jeff Bezos, Microsoft founder Bill Gates, and investor Warren Buffett — held combined fortunes worth more than the total wealth of the poorest half of Americans.
  • www.inequality.org

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WEALTH INEQUALITY