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October 12, 2007
The income gap between the wealthiest and poorest Americans is now bigger than at any time since World War II, and probably since before the Great Depression, according to new Internal Revenue Service data. The nation’s richest 1 percent earned 21.2 percent of all income in 2005, while the bottom 50 percent earned 12.8 percent. (The Wall Street Journal)
of The Week magazine.