The record profit level is one-tenth higher than the previous record which was set in 1929, the year of the Wall Street crash.

President Barack Obama is touting his “opportunity agenda” on the 2014 campaign trail, even through government data shows that his policies have helped lower employees’ share of the nation’s annual income to the lowest level in 63 years.

The data also shows that companies’ profits reached an after-tax record level of $1.683 trillion in 2012. That’s 10 percent of the economy, even after companies paid $418.9 billion in taxes.

That record profit level is one-tenth higher than the previous record which was set in 1929, the year of the Wall Street crash.