JOHNS: A bombshell announcement on Wall Street today. Lisa Sylvester's monitoring that and some of the other top stories in THE SITUATION ROOM right now. Lisa, what do you have?</s>SYLVESTER: Hi there, Joe. Hewlett-Packard says it is taking a nearly $9 billion write down on its purchase of the British software company, Autonomy. HP says it is because the company misrepresented its finances. Stocks of HP fell sharply on this news. CEO Meg Whitman says those responsible have already left HP. Whitman says the board feels terribly about missing the accounting fraud. And Google is getting a lot of grief for leaving out December. The people app in the new version of Google's mobile operating skips right from November to January. So people can't enter events or birthdays in the month of December. One internet headline asks if Google is the new Grinch that stole Christmas. Google says this bug is going to be fixed soon. Have you ever wondered how much an adjusted gross income it takes to be in the top 1 percent of income earners? Well, that figure is $370,000. That's according to the IRS. But on average the top 1 percent earned more than $1.1 million. This group of top earners remains in the spotlight when it comes to higher taxes and the fiscal cliff. And that's going to be the big question, are taxes going to go up on the richest?</s>JOHNS: There's a huge difference between $370,000 and $1 million, isn't it?</s>SYLVESTER: I think there certainly is. So $370,000 gets you in the top 1 percent, but the average is a little over a million dollars. So we're talking big bucks either way around for most of us folks.</s>JOHNS: All right, thanks, Lisa. While the rockets and warplanes fly over Israel and Gaza, there's also a battle being waged to influence your opinion. Wolf is back from Jerusalem with the story behind the pictures of grief and sorrow people all over the world are seeing.
IRS: $370,000 Makes Top 1 Percent