claim: "since 1995, the top 400 wealthiest families have seen their incomes go up 400 percent and their tax rates go down 40 percent."
author: barbara boxer
evidence_1: newer data shows smaller (but still big) income jump. barbara boxer · "since  1995, the top 400 wealthiest families have seen their incomes go up 400 percent  and their tax rates go down 40 percent." — politifact national on wednesday,  september 21st, 2011. half-true. there's a difference, but not quite that big.
evidence_2: and the top 1% of income earners actually pay a smaller percentage of their  incomes to taxes than the 9% just below them. ... since financial wealth is what  counts as far as the control of income-producing assets, we can say that just 10%  of the people own the united states of america; see table 3 and figure 2 for the  ...
evidence_3: dec 1, 2015 ... our wealthiest 400 now have more wealth combined than the bottom 61 percent  of the u.s. population, an estimated 70 million households, or 194 million people.  that's more people than the population of canada and mexico combined. the  higher up you go up our contemporary wealth ladder, the greater ...
evidence_4: dec 30, 2015 ... the average tax rate for the ultra-wealthy has fallen dramatically. income tax  rate. %. 20. 10. 0. 1995. 2000. 2005. 2012. top 400 earners .... insurance  company mr. loeb helped set up, for example, have spent the last several  months pleading with the i.r.s. that its proposed rules tightening the hedge ...
evidence_5: income inequality can worsen wealth inequality because the income people  have available to save and invest matters. focusing on private income, such as  earnings and dividends, plus cash government benefits, we see that the income  of families near the top increased roughly 90 percent from 1963 to 2016, while  the ...