[lbo-talk] US income inequality at record high

Wojtek S wsoko52 at gmail.com
Tue Sep 10 15:27:20 PDT 2013

The income gap between the richest 1% of Americans and the other 99% widened to a record margin in 2012, according to an analysis of tax filings.

The top 1% of US earners collected 19.3% of household income, breaking a record previously set in 1927.

Income inequality in the US has been growing for almost three decades.

Overall, the pre-tax incomes of the top 1% of households rose 19.6% compared to a 1% increase for the rest of Americans.

And the top 10% of richest households represented just under half of all income in the year, according to the analysis.

-- Wojtek

"An anarchist is a neoliberal without money."