48 percent of all income in Texas goes to top 10 percent

[jsr]

http://www.star-telegram.com/2014/01/28/5521495/a-growing-divide-between-rich.html

A growing divide between rich and poor in Texas
Posted Wednesday, Jan. 29, 2014
By Steve Campbell

The burgeoning national debate over income inequity hits home in Texas, where the growing divide between the rich and the poor is increasingly centered on race, ethnicity and education.

Texas ranks fifth in income inequality among states, according to research by Mark Frank, an economics professor at Sam Houston State University who uses state-level data from the IRS to determine the income share of the top 1 percent and top 10 percent of earners.

Texas trails only New York, Connecticut, Florida and California, according to his data from 2011.

“You have a real difference between the lives of some and the lives of others in Texas,” Frank said Tuesday.

[tazkcmo]

1. Isn't that better

Than 95%? I'm pretty sure that was the national average in 2012. Could be wrong.

[frwrfpos]

2. recommend

[Gothmog]

3. I am not surprised

These findings are consistent with what I have seen in this state