Tuesday, September 05, 2006

New York City's Income Statistics

The New York Times reports:
No city in metropolitan New York made the nation’s top 10 in median income, but several were among its poorest. Newark, at $30,711, ranked seventh from the bottom, just below New Orleans, among the biggest cities. Buffalo was third from the bottom. Among America’s smaller cities, Camden, N.J., at $18,007, had the lowest median income in the nation and the highest proportion of poor people — 44 percent.

At the same time, New Jersey’s median income was again the highest of any state’s.
Amazing, these high tax places have great inequality.Maybe high tax rates don't lead to an egalitarian distribution of income.