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Income Inequality

Unequal America

Income Inequality:

The extent to which income is distributed in an uneven manner.

Income Inequality Chart

Wealth Inequality:

Real Life Example

If $100 was distributed throughout the five groups,

the rich would get $83 and the poorest would only get 1$.

The unequal distribution of accumulated assets, minus liabilities.

Out of all of New Mexico which area's have the highest income?

The highest

Los Alamos at $49,474 per capita income

The lowest

Wealth Inequality Chart

McKinley at $12,932 per capita income

Percentage of Income in Past 40 Years

The US average

$27,334

Wealth includes the values of homes, automobiles, personal valuables, businesses, savings, and investments.

  • Skill-Biased Technological Change: The jobs in modern Economics are more technology based and generally requires new skills.
  • Gini Index: The gap between the equal distribution of money and the actual distribution of money.
  • Progressive Tax: A tax in which the tax rate increases as the taxable amount increases.
  • Regressive tax: A tax in which the tax rate decreases as the taxable amount decreases.

Wealth: an abundance of valuable possessions or money.

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