We present the analysis of the annual income and wealth of the richest Norwegian households in years 2010-2013.  We show that both annual income as well as wealth of the richest households are described by Pareto law. At the outset, we present a short theoretical introduction. Then we discuss empirical results. It is worth noting that the data used in the analysis come directly from the Norwegian tax office. In conclusions we particularly focus on agreement  of empirical data with the model and on the links between the distributions of income and wealth.

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