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Census finds record gap between rich and poor
Now is not the time to give an additional tax break to the wealthy and super-wealthy.
Even if the release of this was timed, it's still relevant to the midterms and taxes.WASHINGTON
The income gap between the richest and poorest Americans grew last year to its widest amount on record.
New census figures show that young adults and children in particular struggled to stay afloat in the recession.
The top-earning 20 percent of Americans -- those making more than $100,000 each year -- received 49.4 percent of all income generated in the U.S. That's compared with the 3.4 percent earned by those below the poverty line.
Now is not the time to give an additional tax break to the wealthy and super-wealthy.