California’s wealthiest taxpayers are only group seeing income gains Center director Ann Huff Stevens quoted in The Hill
The Hill, April 15, 2016
California’s wealthiest taxpayers are the state’s only group
experiencing rising incomes, a reflection of a broader national
problem of growing wage inequality.
“The story has been very consistent since the mid-1980s — there
are much bigger gains in earned income at the top,” said Ann Huff
Stevens, an economics professor at the University of California,
Davis.
“Below that, it’s been stagnant. At the bottom, there’s been a
decline.”
