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The data, which comes from the Internal Revenue Service, is for market income: it includes realized capital gains but excludes government transfers.
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Holding on includes realizing that people have to eat (get to meetings, etc).
That's when everyone, myself included, realized something wasn't right".
The results included realized investment gains of $387 million compared with $29 million a year earlier.
The net results included realized investment losses of $143 million, while the figure in the 1999 quarter included demutualization expenses of $33 million and taxes of $30 million.
It also included realized gains of $22.5 billion from a series of Federal Reserve emergency aid programs designed to get credit flowing again.
Fourth-quarter net income, which included realized investments, rose to $1.5 billion, or 64 cents a share, compared with $1.3 billion, or 56 cents a share, in the period a year earlier.
According to another study, the top 1 percent of households captured 65 percent of real family income gains (including realized capital gains) between 2002 and 2007 and 95 percent of the gains between 2009 and 2012.
Early in the conflict, many Northerners, Lincoln included, realized that there was little point in fighting to restore a status quo that had produced war in the first place.
The fourth quarter included realized investment losses of $350.5 million after taxes, or 69 cents per share, which the company had warned investors of earlier.
Series that fail to include realized capital gains, for example, will miss important dynamics going on in the upper tail of the income scale.
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