The top 10% of households by wage income do receive ~50% of pre-tax wage income, but:
1) our tax system is progressive, so actual net income share is less
2) there's significant post-wage redistribution (social security/medicaid)
3) that high income households consume a smaller percent of their net income is a well established fact.
The top 10% of households by wage income do receive ~50% of pre-tax wage income, but:
1) our tax system is progressive, so actual net income share is less
2) there's significant post-wage redistribution (social security/medicaid)
3) that high income households consume a smaller percent of their net income is a well established fact.