Concentration of Power Accelerates Under Obama

Pulitzer Prize-winning tax journalist David Kay Johnston reports IRS tax data since Mr. Obama’s 2009 inauguration shows “change” for 90% of Americans: they lost income. The 1% increased income; taking 81% of gains (the top 1% of the 1% took 39% of this total).

This follows a pattern that between 1980 and 2005, the 1% also took over 80% of all income gains.

http://www.washingtonsblog.com/2013/03/obamas-change-1-get-81-income-gains-then-tax-shelter-21-32-trillion-bottom-90-lose-income.html

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