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Archive Home > 2011 > December > 13 > Recession crimped incomes of top 1%

Recession crimped incomes of top 1%

By Jason DeParle / The Bulletin
December 13, 2011

WASHINGTON — Hold the condolence cards, but the recession cost the rich.

The share of income received by the top 1 percent — that potent symbol of inequality — dropped to 17 percent in 2009 from 23 percent in 2007, according to federal tax data. Within the group, average income fell by about a....

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