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Wednesday, February 12, 2020

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News in Brief- September 8, 2019

News in Brief- September 8, 2019

By the numbers: $354,778 in annual income gets you into Louisiana’s top 1% club

THE CENTER SQUARE - Bring in at least $354,778 in yearly income, and you’ll be among the top 1 percent of earners in Louisiana, according to a Wall St. 24/7 analysis of the ultra wealthy in every state.

The $354,778 threshold was the 26th highest among the 50 states, according to the analysis. The average income of the top 1 percent in the state is $898,976, and the median income among the state’s residents is $25,522, 24/7 Wall St. reported.

The share of residents in Louisiana with bachelor’s degrees is 15.3 percent.

24/7 Wall St. examined data published by the Internal Revenue Service to calculate the minimum income level to be in the top 1 percent of earners in each state. States with prominent economic centers or several resort locations tend to have higher thresholds to reach the top 1 percent level, the analysis said.

Between the years 2009 and 2015, the earnings of those in the top 1 percent increased by nearly 34 percent, according to the Economic Policy Institute, while the earnings of the remaining 99 percent grew at only 10.3 percent. This has widened income inequality in the nation, according to the institute.


Man accused of domestic violence dies while fleeing deputies

GRAY, La. (AP) — A Louisiana man accused of domestic violence led deputies on a car chase that ended with his death when the car crashed and flipped over.

The Houma Courier reports the Terrebonne Parish Sheriff's Office says Michael Brown was pulled dead from the wreck on Sunday.

Deputies say authorities responded that night to a report that Brown hit his girlfriend at a residence in Gray, and then left while threatening to return with a gun.

They say a deputy searching the area spotted Brown's car and tried to pull him over, but he fled. They say Brown ignored several traffic lights and struck a curb and utility pole. Authorities say Brown's car then flipped and he was found to have suffered fatal injuries. An investigation is ongoing.

Information from: The Courier,