The rich get richer

The so-called recovery from the Great Recession has seen 95% of all income gains go to the 1%; their 2012 income was above $394,000.   In 2012 pretax incomes of the top 1%  rose 19.6% compared to a 1% increase for the rest of Americans.

The top 10% did not do too badly last year either; they earned just under half of all income in the year.