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[30] [31] The major cause was an increase in investment income. Capital gains accounted for 80% of the increase in market income for the households in the top 20% (2000–2007). Over the 1991–2000 period capital gains accounted for 45% of market income for the top 20%.
This average increase, however, obscures a great deal of variation. The poorest 20% of tax filers experienced a 6% reduction in income while the top 0.1 percent of tax filers saw their income almost double. Tax filers in the middle of the income distribution experienced about a 10% increase in income.
The percentage share of total income owned by the top 1% fell to 16% during the post-9/11 recession but then re-rose to its 1998 level by 2008. In 2008, the wealth gap in terms of percentage of total income in the United States between the top 1% and 5% was 7% and the gap between the top 1% and top 10% was 9%.
Median U.S. household income per County in 2021 Median U.S. household income through 2019 U.S. real median household income reached $63,688 in January 2019, an increase of $171 or 0.3% over one month over that of December 2018. This article is part of a series on Income in the United States of America Topics Household Personal Affluence Social class Income inequality gender pay gap racial pay ...
2021/22 tax data shows a very wide income range on a state-by-state basis. ... Massachusetts and California residents require an annual income of $1.11 million and $1.04 million, respectively, to ...
Making more money than you're used to through a raise, a new job, a bonus, or some other incentive is one of those "problems" more people would surely like to have. Yet, a sudden increase in income...
Cashing out unused vacation days is one of the ways to increase net income. According to Sue Shellenbarger of The Wall Street Journal, 8% of employers give employees cash for unused vacation days.
According to a 2007 study by the US Treasury Department, Americans concerned over the recent growth in inequality (after-tax income of the top 1% earners has grown by 176% percent from 1979 to 2007 while it grew only 9% for the lowest 20% [4]) can be reassured by the healthy income mobility in America: "There was considerable income mobility of ...