In 2015, The Top 1 Percent In Mass. Earned 31 Times The Average Of Everyone Else
“Massachusetts has the sixth-biggest gap between its highest-paid residents and everyone else, according to a new report, with the state’s top 1 percent of families in 2015 earning 31 times what the average of the bottom 99 percent made. The analysis, out Thursday from the left-leaning Economic Policy Institute, cites tax data to examine income inequality by state, metro area and county. Its methodology uses income before taxes and transfers, like unemployment benefits.”