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Rich are getting richer faster.

By Faiz Shakir  

"Rich are getting richer faster."

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The increase in incomes of the top 1 percent of Americans from 2003 to 2005 ($524.8 billion) exceeded the total income of the poorest 20 percent of Americans ($383.4 billion), according to a new report by the Congressional Budget Office. “On average, incomes for the top 1 percent of households rose by $465,700 each, or 42.6 percent after adjusting for inflation. The incomes of the poorest fifth rose by $200, or 1.3 percent, and the middle fifth increased by $2,400 or 4.3 percent.”

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