Contact Us

America’s Pay Gap Widens

flickr.com

WASHINGTON (AP) — The pay gap between the richest 1 percent and the rest of America widened to a record last year. The top 1 percent of earners collected 19.3 percent of household income in 2012, their largest share in Internal Revenue Service figures going back a century. U.S. income inequality has been growing for almost three decades. But until last year, the top 1 percent’s share of pre-tax income hadn’t surpassed the 18.7 percent it reached in 1927, according to an analysis of IRS figures dating to 1913 by economist Emmanuel Saez of the University of California, Berkeley, and three colleagues. Saez wrote that 2012 incomes of the richest Americans might have surged in part because they cashed in stock holdings to avoid higher capital gains taxes that took effect in January.

Best of News Radio 1310

Recommended For You

Around the Web

Leave a Comment

It appears that you already have an account created within our VIP network of sites on . To keep your personal information safe, we need to verify that it's really you. To activate your account, please confirm your password. When you have confirmed your password, you will be able to log in through Facebook on both sites.

Forgot your password?

*Please note that your prizes and activities will not be shared between programs within our VIP network.

It appears that you already have an account on this site associated with . To connect your existing account just click on the account activation button below. You will maintain your existing VIP profile. After you do this, you will be able to always log in to http://newsradio1310.com using your original account information.

*Please note that your prizes and activities will not be shared between programs within our VIP network.

Please fill out the information below to help us provide you a better experience.

(Forgot your password?)

Not a member? Sign up here

Sign up for Loyal Listener Club quickly by connecting your Facebook account. It's just as secure and no password to remember!

Sign up to have exclusive Loyal Listener Club contests, events, coupons, presales, and much more delivered to you for FREE.