And taxes paid? Despite the oft-repeated fact that tax rates for the wealthy are at an all-time low (which is true), it’s also true that the actual amount paid in taxes by the wealthy is higher than before the recession.
The One Percent paid an average effective tax rate of 28.9 percent on their income — far more than any other group, and more than twice the average effective rate of the middle class, who paid 11 percent on average.
So the rich lost more income and paid more of their money in taxes than the rest of the population.
This is not an argument against taxing the wealthy. And the incomes and tax rates of the wealthy may have jumped back since 2009, with the rebound in financial markets.
But when politicians and pundits talk about the rich just getting richer and paying less taxes, they need to pay closer attention to the actual numbers.
-By CNBC's Robert FrankFollow Robert Frank on Twitter: @robtfrank
CORRECTION: An earlier version of this story misstated the top one percent earners' share of the country's total income as 26.7 in 2007 and 22.3 in 2009. In fact, the One Percent made 16.7 of the national income in 2007 and 11.5 in 2009.
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