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This is a list of the world's countries measuring the income of the richest one percent each (before taxes and transfers). The source of the data is the United Nations Development Programme , and refers to the latest available date. [ 1 ]
As of 2007, the richest 1% held about 38% of all privately held wealth in the United States. [14] While the bottom 90% held 73.2% of all debt. [74] According to The New York Times, the richest 1 percent in the United States now own more wealth than the bottom 90 percent. [80]
The top 1% of taxpayers — those who earn $561,351 or more — paid 42.3% of the total tax revenue collected in 2020, according to the latest figures from the IRS.
The main distinguishing feature of this class, which includes an estimated 1% of the population, is the source of income. While the vast majority of people and households derive their income from wages or salaries, those in the upper class derive their primary income from business profits, investments, and capital gains . [ 5 ]
Alaska Minimum income needed to be considered 1%: 444,471 Average income of the 1%: $936,890 Average tax paid: $232,313 Average tax rate: 24.80%
1. Wisconsin. Minimum income to be considered 1%: $434,346. Average income of the 1%: $1,203,326 Average income tax paid by the 1%: $297,267 Average tax rate of the 1%: 24.70% More From GOBankingRates
A 2006 study found that the richest 2% own more than half of global household assets. [14] The Pareto distribution gives 52.8% owned by the upper 1%. According to the OECD in 2012 the top 0.6% of world population (consisting of adults with more than US$1 million in assets) or the 42 million richest people in the world held 39.3% of world wealth.
Per Forbes (April 2024) [1]; Rank Rank per capita Country/Territory Billionaires Rate - World 2,781: 0.343 1 11 United States 813: 2.420 2 53 China 406: 0.288 3 58 India 200: 0.144