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  2. Wealth inequality in the United States - Wikipedia

    en.wikipedia.org/wiki/Wealth_inequality_in_the...

    Average and median household income by age group. In 2007, the top 20% of the wealthiest Americans possessed 80% of all financial assets. [14] In 2007, the richest 1% of the American population owned 35% of the country's total wealth, and the next 19% owned 51%.

  3. Affluence in the United States - Wikipedia

    en.wikipedia.org/wiki/Affluence_in_the_United_States

    During the same time period, the 60% of Americans in the middle of the income scale saw their income rise by 40%. From 1992 to 2007 the top 400 income earners in the U.S. saw their income increase 392% and their average tax rate reduced by 37%. [33] In 2009, the average income of the top 1% was $960,000 with a minimum income of $343,927. [34 ...

  4. American upper class - Wikipedia

    en.wikipedia.org/wiki/American_upper_class

    However, sociologists argue that all members of the upper class have great wealth and influence, and derive most of their income from assets rather than income. [4] In 1998, Bob Herbert of The New York Times referred to modern American plutocrats as "The Donor Class", referring to political donations.

  5. Lucky duckies - Wikipedia

    en.wikipedia.org/wiki/Lucky_duckies

    In recent years, the number and percentage of Americans who pay no federal income tax has increased. According to a 2007 report by the Statistics of Income division of the Internal Revenue Service, [8] in 2006 the Internal Revenue Service received 134,372,678 individual income tax returns, of which 90,593,081 (67.42%) showed that they paid or owed federal income tax for 2005.

  6. Economy of the United States - Wikipedia

    en.wikipedia.org/wiki/Economy_of_the_United_States

    Wealth inequality is more unequal than income inequality, with the top 1% households owning approximately 42% of the net worth in 2012, versus 24% in 1979. [215] According to a September 2017 report by the Federal Reserve, wealth inequality is at record highs; the top 1% controlled 38.6% of the country's wealth in 2016. [216]

  7. Some might see a bigger 2024 tax refund after inflation ...

    www.aol.com/finance/might-see-bigger-2024-tax...

    The standard deduction is rising 6.9% or 7.2%, depending on filing status, while the Earned Income Tax Credit amount will increase by 7.1%, the Internal Revenue Service announced this week.

  8. Income tax in the United States - Wikipedia

    en.wikipedia.org/wiki/Income_tax_in_the_United...

    Top tax rates were increased in 1992 and 1994, culminating in a 39.6% top individual rate applicable to all classes of income. Top individual tax rates were lowered in 2004 to 35% and tax rates on dividends and capital gains lowered to 15%, though these changes were enacted to expire with the end of the year 2010 to avoid the Byrd Rule for ...

  9. 3 Top Tech Stocks That Could Make You a Millionaire - AOL

    www.aol.com/3-top-tech-stocks-could-125900325.html

    The good news is that its gross margin has also been climbing, going from 60.1% in fiscal 2022 to 71.1% in fiscal 2024. As a result, gross profit shot up nearly 260% over this period.