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Income Inequality

Relatively Hard Times

According to an IRS analysis of 2009 tax returns, the rich aren’t doing as well as they were a few years back. The number of taxpayers with an adjusted gross income of $10 million or more dropped 55 percent from 2007 to 2009, to about 8,200 taxpayers. Their collective income fell to $240 billion in 2009 from $562 billion two years earlier.

Graphic by Bloomberg Businessweek; Data: Internal Revenue Service, World Top Incomes Database, Data compiled by Bloomberg
Tanzi covers economic data for Bloomberg News in Washington.
Applegate is a contributing graphics editor for Bloomberg Businessweek. Follow him on Twitter @evanapplegate.

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