New Data Reveal Unprecedented Income Inequality

from The Economic Policy Instutute

A new report from the Economic Policy Institute reports that data from the Bureau of Economic Analysis through the third quarter of 2006 show that a historically high share of corporate income is going into profits and interest (i.e., capital income) rather than employee compensation. And a newly released Congressional
Budget Office (CBO) analysis of household incomes shows that a greater share of this capital income goes to the richest households than at any time since the CBO began tracking such trends.

New Data Reveal Unprecedented Income Inequality