Fact Sheet: a Fair Shot For every american

The President spoke in Osawatomie, Kansas about income inequality and what he called a makeor-break moment for the middle class. This country succeeds when everyone gets a fair shot, when everyone does their fair share, when everyone plays by the same rules, he said. Heres a by-the-numbers look at how rising inequality has affected the middle class over the last 50 yearsand why the Presidents fighting to help rebuild it:

250
34.6%

Percent by which the average income of the top 1% has risen in the last few decades

Share of the nations wealth held by the top 1%, which has nearly doubled from 19.9% in 1976

Average income of the top hundredth of the 1%

$27 million
$$$ $

Percentage decrease in

the average Americans income in the last decade

18

Percentage increase in the income of the top 1 percent over the last decade

The average CEO makes 110 times more than his or her staff. It used to be30.

CEO staff

Chance a child born into poverty would someday join the middle class

Top tax rate in early...

50% AFTER WWII 40% IN 1980 33%

their chance

90%

1950s

70%

1980s

39%

1990s

1%
Tax rate some billionaires pay today

TODAY

And its even lower now. In fact, a quarter of all millionaires now pay lower tax rates than millions of average Americans.

23 million
President Obama is asking them to pay now

Tax cut for the typical working family if Congress steps up and asks millionaires and billionaires to pay their fair share by passing the Presidents payroll tax extension

Number of jobs created when Bill Clinton passed tax reforms asking the wealthiest Americans to pay their fair share, the same as

235,000
Millionaires and billionaires who would be asked to pay their fair share to fund the payroll tax cut extension.

Americans who would see their taxes go up if Congress fails to act.

160,000,000

PAID FOR BY OBAMA FOR AMERICA