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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 ]
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.
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. [73] According to The New York Times, the richest 1 percent in the United States now own more wealth than the bottom 90 percent. [79]
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
Income needed to make the top 1%: $588,575 If the new proposed tax plan is passed into law, those who earn more than $1 million a year will pay 10.75% in state income taxes, as opposed to the 8.97 ...
[2] [3] The American upper class is estimated to be the richest 1% of the population. The American upper class is distinguished from the rest of the population due to the fact that its primary source of income consists of assets, investments, and capital gains rather than wages and salaries.
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.
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