Volume 40, Number 9 · May 13, 1993
Paradise Lost
By Andrew Hacker
Boiling Point: Democrats, Republicans, and the Decline of Middle-Class Prosperity
by Kevin Phillips
Random House, 307 pp., $23.00
Not only are the rich getting richer, but there are more of them around. In 1978, the Internal Revenue Service received 8,964 returns declaring adjusted gross incomes of more than $1 million in today's dollars. In 1990, its most recent report, it counted 60,667 returns at that level.
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