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Shelton, WA

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  • Flood Warning Extends Through Thursday Morning

    skok floodThe flood warning continues for the Skokomish River near Potlatch affecting Mason County, Olympic Peninsula Region. While showers will continue over the south slopes of the Olympics, heavy rain has come to an end. The three to five inches of… Read More +

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  • Olympia Hospital Must Start Paying Business Tax

    Prov-St.Peter-Hospital-OlympiaProvidence St. Peter Hospital in Olympia will have to start paying a city business tax that will cost it an estimated $340,000 next year. The City Council voted Tuesday to remove the business and occupation tax exemption for religious and medical… Read More +

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  • Seahawks Roster Moves

    brackettThe Seattle Seahawks have claimed TE Brett Brackett off waivers from the Tennessee Titans and released TE RaShaun Allen, the team announced this afternoon. Brackett was originally signed as an undrafted free agent by the Miami Dolphins on July 28, 2011. He spent time on the Miami, Jacksonville and Philadelphia practice squads during 2011. Signed to the Jaguars active roster on September 1, 2012,

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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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