The top 1% represented 13.3% of all pre-tax income and paid 38.7% of all Federal income taxes in 2009 (July 2012 CBO Report, Distribution of Household Income and Federal Taxes 2008 and 2009).

FORBES: The Fiscal Cliff Is Built On A Mountain Of Ignorance

However, according to the report, distribution is far and away the most important factor and that should be comforting to publishers because, at this point, established publishers are the only reliable path into bricks-and-mortar bookstores, where a large proportion of sales are still made.

FORBES: Self-Publishing Is For Control Freaks

So we have two major problems with this report about the distribution of incomes and wealth.

FORBES: Sad Ignorance In The Pew Economic Mobility Project: Their Data Is Worthless