Record gap between US one percenters and the rest

‘A new study has shown that the income gap between the richest 1 percent in the United States and the rest of the American people reached its widest point in 2012 since 1928.

An analysis of the Internal Revenue Service’s data by economists at the University of California, Berkeley, the Paris School of Economics, and Oxford University has shown that the richest 1 percent in the US collected 19.3 percent of household income in 2012, their biggest share since 1928.

The wealthiest 10 percent also collected 48.2 percent of the total earnings in 2012.’

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