Internal Revenue Service

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A New High: 1% of Rich Have 21.1% of Riches

Wealthiest hundredth raked in one-fifth of income: IRS

(Newser) - The wealthiest 1% of Americans hit a 21.1% record share of the nation's income, according to IRS figures released yesterday. While the data don't point to a specific cause, the Journal cites the heretofore booming stock market. The previous peak of 20.8% was in 2000, also at the...

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