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| US income inequality at record high | US income inequality at record high |
| (35 minutes later) | |
| 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 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. | 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. | 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. | |
| An economist who analysed the tax data said the rise may have been in part because of sales of stock to avoid higher capital gains taxes in January. | An economist who analysed the tax data said the rise may have been in part because of sales of stock to avoid higher capital gains taxes in January. |
| Income counted in the analysis includes wages, private pension payments, dividends and capital gains from the sale of stocks and other assets, but do not include unemployment benefits or federal public pension benefits, known as Social Security. | Income counted in the analysis includes wages, private pension payments, dividends and capital gains from the sale of stocks and other assets, but do not include unemployment benefits or federal public pension benefits, known as Social Security. |