occupy vancouver



***FREELANCE PHOTO - POSTMEDIA NETWORK USE ONLY*** TORONTO: OCTOBER 16, 2011 -- OCCUPY TORONTO -- Protesters march from St. James Park to Dundas Square as part of the Occupy Toronto movement on Sunday, October 16, 2011. The group returned to the park shortly after to continue their occupation. (Matthew Sherwood for National Post)   tumblr_lt6s22uhN41qffypjo1_400  tumblr_ltj75dnGLN1qhd875o1_500



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According to the Congressional Budget Office, between 1979 and 2007, incomes of the top 1% of Americans have grown by an average of 275%, versus just 40% for the 60 percent of Americans who are in the middle of the income scale. The top 1% of the American population controls about 40% of the total wealth of the country, the top 20% of earners took in 80% of household income, and the top 10% controlled 73% of wealth. Since 1979, average pre-tax income for the bottom 90% of households decreased by $900, and that of the top 1% increased by over $700,000, as federal taxation became less progressive. While over the last 30 years, the top 1% has bore a larger percentage of the tax burden, up from 15% in 1979 to to 37% in the year 2009, the 400 taxpayers with the highest incomes saw their income increase by 392%. In 2010, of the 100 highest-paid chief executives in the U.S., 25 took home more pay than their company paid in federal corporate income taxes.

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