Skewed: Income Inequality in America

SKEWED: INCOME INEQUALITY IN AMERICA Opportunity in Åmerica: It's shrinking. think of America in quintiles bottom 20 second 20 middle 20 fourth 20 and how the wealth is owned and distrubuted among us all top 20 in a recent survey, this is what was seen as the IDEAL 0 top 2 and this was the ESTIMATED distribution top 20 and this was REALITY top 20 bottom 40% barely even register looking for the AMÉRCIAN DREAM ? the steady path to prosperity is gone THE WEALTH PIE top 1% ~120,000 individuals 0%66-06 percentile 40% 34.5% 24.3% 1.1% 50-90% percentile bottom 50% more than 180,000,000 individuals MANY SHARING THAT SMALL PIECE OF THE PIE $1.22 TRILLION VS. $1.27 TRILLION amount that the bottom 60% of earners take home the wealth of the 400 richest individuals AVERAGE CEO MAKES 354 TIMES THE AVERAGE WORKER ratio through the years: 1982 42:1 1992 201:1 2002 281:1 2012 354:1 and this is the average worker, not the lowest paid one TIME=MONEY that worker works average a month to make the same wage the CEO earns in 30 minutes EXPENDABLE INCOME WHO HAS IT? +$40,583 MONTHLY BUDGET Ogroceries s for car Delectric bill Odental cleaning Ocar insurance Imortgage/rent Oheating bill Pprescription drugs +S11,215 +$6,479 look how far some have to stretch their funds, month after month +$3,137 +S1,053 $1,628 averagę -$265 monthly living wage 20 60 80 95 99 percentile WHO IS PAYING THE TAX BILL? EVERYONE. tax bill* by income group 35 30 III 25 20 15 10 20 40 60 80 90 95 99 percentile 24 * includes more than just federal income taxes - there are corporate taxes, payroll taxes, state and local sales taxes, real estate taxes and more FOR MANY, IT'S BYE BYE AMERICAN DREAM CITATIONS http://www.freemoneyfinance.com/2012/01/what-percent-are-you.html http://www.taxpolicycenter.org/numbers/displayatab.cfm?Docid=2977&DocTypelD=7 http://www.aflcio.org/Corporate-Watch/CEO-Pay-and-You http://www.fas.org/sgp/crs/misc/RL33433-pdf http://www.cnbc.com/id/47704712 http://www.politifact.com/wisconsin/statements/2011/mar/10/michael-moore/michael-moore-says-400-americans-have-more-wealth-/ http://www.huffingtonpost.com/2013/o6/12/inequality-us-_n 3421381.htmlk http://www.alternet.org/economy/4-creeping-ways-capitalism-killing-us http://www.people.hbs.edu/mnorton/nortono%20ariely%2oino62opress.pdf http://www.washingtonpost.com/blogs/wonkblog/wp/2012/09/19/heres-why-the-47-percent-argument-is-an-abuse-of-tax-data/ BROUGHT TO YOU BY financedegreecenter.com 40 ... tax bill as percent of income