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How much income, per family a year, to be in the top 10%?

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KingRT
 
Reply Sun 18 Sep, 2005 08:45 pm
If some knows that, how about the top 2% or 1%?

Family or individual?

Thanks
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Type: Discussion • Score: 2 • Views: 20,893 • Replies: 20
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mrcolj
 
  1  
Reply Mon 19 Sep, 2005 05:49 pm
Man, I've been all over census.gov and don't see it yet. Tons and tons of graphs on class struggle and inequality, about how ________s don't get paid as much as ________s, but nothing on the deviation from average of average people...
0 Replies
 
AliceInWonderland
 
  1  
Reply Wed 21 Sep, 2005 08:21 am
Census stats can get you numbers for approximately the top 2, 3 and 6% if you do a little math with the numbers to get the stats you want. Here is a link to the raw data:
Census income data

Top 2% is $250,000 or higher
Top 3% is $200,000 - $249,999
Top 6% is $150,000 - $199,000
0 Replies
 
zoofer
 
  1  
Reply Sat 22 Oct, 2005 03:37 pm
Quote:
For the record, since my table companion doesn't know or doesn't care, the top 1 percent -- the taxpayers with an adjusted gross income (AGI) over $295,495 -- paid, for 2003, 34.27 percent of federal income tax revenues. The top 10 percent (with an AGI over $94,891) paid 65.84 percent, the top half (AGI over $29,019) paid 96.54 percent. The bottom half? They paid 3.46 percent.

People should know this. Even if you live in Seattle.

http://www.townhall.com/opinion/columns/larryelder/2005/10/20/172024.html



To me that adds up to way more than 100% tax revenues. I expect the info is genuine. Anyone explain the rationale behind these numbers? For example, does the top 10% include the top 1% ?
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AliceInWonderland
 
  1  
Reply Sun 23 Oct, 2005 05:40 pm
zoofer wrote:
For example, does the top 10% include the top 1% ?


Yes, the top 10% includes the top 1%.
0 Replies
 
CalamityJane
 
  1  
Reply Sun 23 Oct, 2005 06:07 pm
Re: How much income, per family a year, to be in the top 10%
KingRT wrote:
If some knows that, how about the top 2% or 1%?

Family or individual?

Thanks


Even with relatives and distant cousins, I won't make it to the top 2 %.

By the way, this is a thread full of "newbies" - welcome to a2k Smile


zoofer, do you have relatives on this board? I can see a resemblance
to gustavratzenhofer....
0 Replies
 
Tomkitten
 
  1  
Reply Fri 28 Oct, 2005 04:40 pm
How much income
In what country?
0 Replies
 
AliceInWonderland
 
  1  
Reply Sat 29 Oct, 2005 04:17 pm
Stats I posted were for USA.
0 Replies
 
Tomkitten
 
  1  
Reply Sat 29 Oct, 2005 05:34 pm
How much income
Yes, but what country did KingRT have in mind?
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zoofer
 
  1  
Reply Wed 24 May, 2006 11:57 pm
Calamity Jane.

Nope. Who is gustavratzenhofer?
0 Replies
 
cicerone imposter
 
  1  
Reply Thu 25 May, 2006 12:02 am
FYI, gus is a gentleman farmer with the intelligence and wit that's in the top 1 percent of a2k.
0 Replies
 
cicerone imposter
 
  1  
Reply Thu 25 May, 2006 12:11 am
MM: What portion of the wealth is owned by the upper groups?
Wolff: The top 5 percent own more than half of all wealth.

In 1998, they owned 59 percent of all wealth. Or to put it another way, the top 5 percent had more wealth than the remaining 95 percent of the population, collectively.

The top 20 percent owns over 80 percent of all wealth. In 1998, it owned 83 percent of all wealth.

This is a very concentrated distribution.
0 Replies
 
cicerone imposter
 
  1  
Reply Thu 25 May, 2006 12:12 am
The above post was extracted from:
http://multinationalmonitor.org/mm2003/03may/may03interviewswolff.html
0 Replies
 
Miller
 
  1  
Reply Thu 25 May, 2006 03:11 pm
AliceInWonderland wrote:
Census stats can get you numbers for approximately the top 2, 3 and 6% if you do a little math with the numbers to get the stats you want. Here is a link to the raw data:
Census income data

Top 2% is $250,000 or higher
Top 3% is $200,000 - $249,999
Top 6% is $150,000 - $199,000


Isn't this reported as HOUSEHOLD INCOME?
Miller
 
  1  
Reply Thu 25 May, 2006 03:13 pm
How was WEALTH defined? Net assets or net income?

An important asset is your health, but how do you quantify HEALTH? :wink:
0 Replies
 
cicerone imposter
 
  1  
Reply Thu 25 May, 2006 03:23 pm
Miller, Most assume we are talking about material wealth, but you bring up an interesting point about income vs net assets. I believe that many families earning up to around $100,000/year are not really wealthy, and have no asset except for their home. If we deduct the value of our home (net of market value less mortgage) from our net assets, I wonder what the average would be?
0 Replies
 
Barney-Trixie
 
  1  
Reply Tue 11 Oct, 2011 04:54 pm
@KingRT,
In the U.S., in 2010 (AGI), the top:
10% = $113,799+
5% = $159,619+
1% = $380,354+
.01% = $11,477,000+

74 people earned more than $50 million last year -- the highest income category measured by the Social Security Administration.

tsarstepan
 
  1  
Reply Tue 11 Oct, 2011 05:02 pm
@Barney-Trixie,
I hate to bust your chops but the person whose question you just gave an answer hasn't been back for six years and almost one month. But I'm sure he'd appreciate the belated help.

Either way, welcome to a2k.
Barney-Trixie
 
  1  
Reply Tue 11 Oct, 2011 05:07 pm
Per tax return, in the U.S., in 2010, (AGI), the top:

10% = $113,799 +
05% = $159,619 +
01% = $380,354 +
0.1% = $11,477,000 +

74 people earned more than $50 million in 2010. ( The highest income category measured by the Social Security Administration. )
0 Replies
 
Barney-Trixie
 
  1  
Reply Tue 11 Oct, 2011 05:12 pm
@Miller,
Linear math does not work here.

Check the BLS
0 Replies
 
 

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