U.S. Income Inequality: Top 1 Percent Take Home 24 Percent Of U.S. Income

01/06/2011 05:12 am ET | Updated May 25, 2011

The richest 1 percent of Americans now take home almost 24 percent of income, up from almost 9 percent in 1976. As Timothy Noah of Slate noted in an excellent series on inequality, the United States now arguably has a more unequal distribution of wealth than traditional banana republics like Nicaragua, Venezuela and Guyana.

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