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  • City's Poverty Task Force Falls Short Of Members

    sheltoncityCommunity Development Director Steve Goins asked the City Commission to reconsider requirements for potential task force members. Goins requested Resolution 1065-0414 be modified to reduce the wording from ‘seven members’ to ‘five to seven members’ to get the task force moving.

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  • Blue Angels Return

    blueangelsAs the Blue Angels return to Seattle for Seafair, so do Interstate 90 bridge closures. The state Department of Transportation is reminding motorists that the I-90 bridge over Lake Washington will be closed as the Blue Angels practice twice on Thursday… Read More +

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  • Lynch's Absence Means Opportunities In Seattle

    seahawks blueThe absence of Marshawn Lynch from Seattle Seahawks training camp means opportunity for Robert Turbin and Christine Michael. Turbin and Michael were already going to get the bulk of the work during the preseason with Lynch being prepped for the grind of the regular season. But with Lynch holding out, Turbin and Michael are getting a greater opportunity to show they can handle the load.

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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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