Growing concentration of capital-based incomes: Share of capital-based incomes by household income group, 1979–2013
Bottom fifth | Second fifth | Middle fifth | Fourth fifth | 80th-90th | 91st-95th | 96th-99th | Top 1% | |
---|---|---|---|---|---|---|---|---|
1979 | 0.02752 | 0.06854 | 0.07876 | 0.11456 | 0.10082 | 0.09122 | 0.21401 | 0.30456 |
1980 | 0.02295 | 0.06933 | 0.08443 | 0.11497 | 0.10559 | 0.09080 | 0.19818 | 0.31375 |
1981 | 0.02097 | 0.07517 | 0.08947 | 0.11612 | 0.10258 | 0.09092 | 0.19858 | 0.30619 |
1982 | 0.02106 | 0.07647 | 0.09156 | 0.12146 | 0.10237 | 0.07869 | 0.17848 | 0.32991 |
1983 | 0.01949 | 0.07423 | 0.08709 | 0.12105 | 0.09705 | 0.08257 | 0.17597 | 0.34255 |
1984 | 0.02224 | 0.06985 | 0.09325 | 0.12369 | 0.09628 | 0.08272 | 0.17220 | 0.33978 |
1985 | 0.02076 | 0.06997 | 0.08663 | 0.11310 | 0.09008 | 0.07717 | 0.17305 | 0.36924 |
1986 | 0.01633 | 0.05652 | 0.07238 | 0.09283 | 0.07715 | 0.07223 | 0.16867 | 0.44389 |
1987 | 0.02064 | 0.07358 | 0.08654 | 0.11896 | 0.09163 | 0.07867 | 0.18863 | 0.34135 |
1988 | 0.01776 | 0.06807 | 0.07942 | 0.10818 | 0.08501 | 0.07155 | 0.17969 | 0.39031 |
1989 | 0.01862 | 0.06498 | 0.07965 | 0.10753 | 0.08930 | 0.07621 | 0.17551 | 0.38819 |
1990 | 0.02079 | 0.06737 | 0.07918 | 0.10909 | 0.08863 | 0.08067 | 0.17705 | 0.37723 |
1991 | 0.02153 | 0.07083 | 0.08643 | 0.10986 | 0.09321 | 0.08262 | 0.18157 | 0.35395 |
1992 | 0.01910 | 0.06531 | 0.08304 | 0.10133 | 0.08490 | 0.07893 | 0.18127 | 0.38612 |
1993 | 0.01974 | 0.06407 | 0.07280 | 0.10019 | 0.08522 | 0.08251 | 0.18853 | 0.38694 |
1994 | 0.01846 | 0.06240 | 0.07421 | 0.09834 | 0.08067 | 0.07934 | 0.18423 | 0.40236 |
1995 | 0.01973 | 0.05679 | 0.07090 | 0.09860 | 0.08311 | 0.07931 | 0.18410 | 0.40746 |
1996 | 0.01747 | 0.05316 | 0.06791 | 0.09032 | 0.08371 | 0.07607 | 0.18760 | 0.42376 |
1997 | 0.01641 | 0.04834 | 0.06152 | 0.08796 | 0.07973 | 0.07868 | 0.18311 | 0.44424 |
1998 | 0.01771 | 0.04293 | 0.05830 | 0.08407 | 0.07457 | 0.07604 | 0.18053 | 0.46585 |
1999 | 0.01799 | 0.04134 | 0.05179 | 0.07733 | 0.07116 | 0.07044 | 0.18082 | 0.48913 |
2000 | 0.01569 | 0.03849 | 0.05044 | 0.07423 | 0.07071 | 0.07150 | 0.17276 | 0.50617 |
2001 | 0.02050 | 0.04561 | 0.05822 | 0.08309 | 0.07278 | 0.07119 | 0.17315 | 0.47546 |
2002 | 0.02153 | 0.04849 | 0.05858 | 0.08169 | 0.07097 | 0.07257 | 0.17389 | 0.47228 |
2003 | 0.01968 | 0.04192 | 0.05339 | 0.07701 | 0.07103 | 0.06742 | 0.17465 | 0.49489 |
2004 | 0.01644 | 0.03572 | 0.04714 | 0.06878 | 0.06312 | 0.06546 | 0.17437 | 0.52899 |
2005 | 0.01403 | 0.02901 | 0.04034 | 0.06207 | 0.06238 | 0.06187 | 0.17722 | 0.55308 |
2006 | 0.01456 | 0.02838 | 0.04076 | 0.06309 | 0.06111 | 0.06318 | 0.17318 | 0.55575 |
2007 | 0.01589 | 0.02758 | 0.04036 | 0.06359 | 0.06120 | 0.06462 | 0.17109 | 0.55567 |
2008 | 0.01912 | 0.03273 | 0.04467 | 0.06572 | 0.06188 | 0.06293 | 0.16652 | 0.54644 |
2009 | 0.02300 | 0.04133 | 0.05208 | 0.07402 | 0.06931 | 0.06682 | 0.16695 | 0.50649 |
2010 | 0.02158 | 0.03494 | 0.04409 | 0.07131 | 0.06532 | 0.06344 | 0.15796 | 0.54135 |
2011 | 0.02100 | 0.03453 | 0.04933 | 0.07342 | 0.06708 | 0.06607 | 0.16420 | 0.52438 |
2012 | 0.01696 | 0.02959 | 0.03834 | 0.06179 | 0.05613 | 0.05889 | 0.15851 | 0.57981 |
2013 | 0.01916 | 0.03098 | 0.04195 | 0.06794 | 0.06600 | 0.06642 | 0.17331 | 0.53423 |
Note: Capital-based incomes are defined as the sum of the following CBO categories: capital income, capital gains, and business income.
Source: Author’s analysis of data from the Congressional Budget Office, The Distribution of Household Income and Federal Taxes, 2013, 2016