Team Trump’s New Pledge on Tax Cuts
Among the famed top 1 percent, inflation-adjusted average income has nearly doubled to $1.4 million in the last 25 years
.. The middle class and poor have done much worse, with median household income rising a mere 7 percent, to $56,500.
.. Every year, each household in the top 1 percent saves more than $100,000 on average in exemptions, through benefits for mortgage interest, pensions and many other things.