Answer:
According to Congressional Budget Office (CBO) The richest 1 percent of the Americans were taking in about 9% of the total income and by 2007, the wealthiest 1 percent were taking in about 18 percent of the nation's total income
Explanation:
According to the Congressional Budget Office (CBO) the total income of top 1 percent in 2007 is 17.1 percent , compared to that of 1979 which is 7 percent.
Also, the CBO in its data presented shown that, between 1979 and 2007, average after-tax incomes for the top 1 percent rose by 281 percent after adjusting for inflation — an increase in income of $973,100 per household
CBO further stated that In 2007, the average household in the top 1 percent had an income of $1.3 million, up $88,800 just from the prior year.
