Report Says West Virginia Income Gap Widening
Charleston Gazette – More than half of West Virginians’ income growth over the past three decades went to the state’s top 1 percent of taxpayers — one of the highest rates of unequal income growth in the nation, according to a report released Wednesday. Read
The report — “The Increasingly Unequal States of America: Income Inequality by State, 1917 to 2011” — was released by the Economic Analysis and Research Network, a nonprofit research center in Washington, D.C.
In West Virginia today, the average income earned by the top 1 percent of taxpayers is 17.7 times greater than the average income earned by bottom 99 percent, according to the report.