11/09/2009 05:12 am ET Updated May 25, 2011

Top 1 Percent Of Americans Reaped Two-Thirds Of Recent Income Gains

Two-thirds of the nation's total income gains from 2002 to 2007 flowed to the top 1 percent of U.S. households, and that top 1 percent held a larger share of income in 2007 than at any time since 1928, according to an analysis of newly released IRS data by economists Thomas Piketty and Emmanuel Saez.

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