Article by David Ruccio from Real-World Economics Review Blog. (This is the complete article.)
For the arithmetically challenged, that’s a total of 93 percent of the growth in income in 2010 that went to the top 1 percent of taxpayers.
What these numbers indicate is that the wages and salaries of the bottom 99 percent barely changed but the surplus those same workers created during 2010 (a) increased, (b) was mostly captured by the top 1 percent, and (c) was sheltered from taxes.
In other words, the tiny minority at the top made out like bandits in 2010.