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Income Equality and Income Mobility 101
Income Mobility in the U.S. from 1996 to 2005
Report of the
DEPARTMENT OF THE TREASURY
http://www.treasury.gov/resource-center/tax-policy/Documents/incomemobilitystudy03-08revise.pdf
- There was considerable income mobility of individuals in the U.S. economy during
the 1996 through 2005 period as over half of taxpayers moved to a different income
quintile over this period.
• Roughly half of taxpayers who began in the bottom income quintile in 1996 moved
up to a higher income group by 2005.
• Among those with the very highest incomes in 1996 – the top 1/100 of 1 percent –
only 25 percent remained in this group in 2005. Moreover, the median real income of
these taxpayers declined over this period.
