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  • Pot Moratorium Repealed

    MJ potsMarathon Meeting: 2-1 to repeal the County's Moratorium on Marijuana. The grand finale of the three hearings in a packed house was definitely the best and had the most testimony. The hearing was to give the public an… Read More +

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  • Rain Won't Extinguish Wildfires

    carltonfireUPDATE: Thunderstorms are expected to drop up to half an inch of rain Wednesday on the largest wildfire in the state's history. But that won't be enough to extinguish the flames. Andrew Sandri, spokesman for the Carlton Complex of fires, says… Read More +

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  • Sidney Rice Is Retiring

    sidneyriceSeattle Seahawks wide receiver Sidney Rice is retiring from the NFL after an injury-plagued career that included issues with concussions. The Seahawks announced Rice's decision Wednesday, two days before the start of training camp. Rice missed half of last season with the Seahawks after tearing his ACL against St. Louis. Rice re-signed with Seattle in the offseason on a $1 million, one-year deal.

    Read More
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It's Really Good to Be in the Top 1 Percent

b_250_0_16777215_00_images_obgrabber_2013-09_98ef9a6213.jpgiStockphoto/Thinkstock (WASHINGTON) -- The so-called "1-percenters" are better off than since before the Great Depression. An analysis by the Internal Revenue Service reveals that those in the top 1 percent of the nation's income scale held 19.3 percent of the household incomes last year.  That's the largest gap between them and all other Americans since 1928.

Meanwhile, earners who fall into the top 10 percent managed to collect 48.2 percent of household incomes, leaving the other 90 percent to share a little more than half the income.

Although all Americans took a hit in the pocketbook during the Great Recession that ran from 2007 and 2009, the 1-percenters have bounced back nicely, thanks to both the recovery of corporate America and Wall Street.

Between 2009 and 2012, their income grew over 31 percent while incomes for the other 99 percent only went up 0.4 percent.

Households earning $394,000 annually are in the nation's top 1 percent.

Copyright 2013 ABC News Radio

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