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While pre-tax income is the primary driver of income inequality, the less progressive tax code further increased the share of after-tax income going to the highest income groups. For example, had these tax changes not occurred, the after-tax income share of the top 0.1% would have been approximately 4.5% in 2000 instead of the 7.3% actual figure.
Income inequality has fluctuated considerably since measurements began around 1915, declining between peaks in the 1920s and 2007 (CBO data [2]) or 2012 (Piketty, Saez, Zucman data [15]). Inequality steadily increased from around 1979 to 2007, with a small reduction through 2016, [2] [16] [17] followed by an increase from 2016 to 2018. [18]
The Low Income Measure (LIM), a relative measure of low income, identifies a household as low income if the household income is less than 50% of median household income. [54] Advantages to the use LIM is the availability of LIM data going back to 1976 and the widespread use of this measure by other countries, which makes it useful for comparing ...
Economic inequality is an umbrella term for a) income inequality or distribution of income (how the total sum of money paid to people is distributed among them), b) wealth inequality or distribution of wealth (how the total sum of wealth owned by people is distributed among the owners), and c) consumption inequality (how the total sum of money spent by people is distributed among the spenders).
80.7 51.1 22.8 7.8 HS = high school completed SC = some college BA = bachelor's degree AD = advanced degree According to 2007 data, 55 percent of college students were females and 45 percent were males. From 1995 until 2005, the number of males enrolled in college increased by 18 percent, while the number of female students rose by 27 percent. [26]
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Pets are big business. Pet owners were expected to spend $150.6 billion this year, according to the association. In 2018, they spent $91 billion, and, in 2022, it shot up to $137 billion ...
Correction/clarification: A previous version of this story incorrectly reported the timing of a lawsuit Florida State filed against the ACC regarding withdrawal from the conference.