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As of this year the top twenty percent of income in the United States is "a household income of just over $100,000. The top 10 percent of earners have a household income of more than $148,687."
primerica
Which US companies have the most 6 figure income earners
The top 2% spend ~ 65% while the top 20% spend ~ 80%. The spending habits of the top 2% have been dramatically reduced over the past 24 months by as much as 75%. You know what rolls down the hill. Our retail, commercial, and industrial entities have been hit very hard contributing to decreased income, increased layoffs.
According to census data from 2007 income, the top 5% of the US population earns $177,000 per year or more. This is yearly income, not total wealth. Don't ignore their significant investments, business equity, real estate holdings and all their other assets. In 1999, the top 5% of the US population held 68% of the nations financial wealth and 59% of the economy's net worth. The bottom 20% holds statistically zero wealth. The top 2% of the US population have a yearly income of $250,000 and up. The top 1% have a yearly income of $12.7 million and up. When reading wealth comparisons, be careful of the numbers. For example, one might say it is unfair for the top 1% to pay 60% of all taxes (numbers I've made up). This is due to their enormous income. That 60% represents a tiny change in rate. 2008 Arizona rates, for example, are 2.59% of total income for the lowest bracket, and 4.54% for the highest. The very rich are only paying 2% more of their total income. Since the 1960's, tax rates have gone down for low earners, up for relatively high earners, and down for very high earners.
According to the National Taxpayers Union, the AGI (Adjusted Gross Income) of the bottom of the top 1% in 2008 was $380,354. AGI is Total Taxable Income minus various items such as pension contributions, alimony paid etc etc. Since it is "taxable income it does not include such things as interest on Tax free municipal bonds or Capital Gains, which is taxed in a different category. While the person at the bottom of this 1% had AGI of $380,354, (and now we're switching to 2007 figures) the person at the bottom of the top .74% of earners had an AGI of $500,000 or more. The top one quarter of one percent (.278% to be precise) had AGI of $1,000,000 or more. In the US in 2007 there were about 138 million taxpayers, so there should be about1,380,000 taxpayers with AGI north of $380,000: 383,640 taxpayers with more than $1,000,000 in AGI. Almost 18,000 taxpayers have (had) an AGI north of $10,000,000.
Taxes on income earned in the US is the same for all wage earners.
In the US: $153,542 or more, before deducting taxes
As of 2005, the latest data released by the US government, one would have to earn over $100,000 to be included the top 10% of wage earners in the US. To be in the top 1%, one would have to make more than $348,000.
Bounty=Money (or barter, which means trading something). Money=Income. All "Income" in the US is taxable (with some very few exceptions). All taxable income earners receive a W2.
The top 5% of earners pay 93% of all taxes