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Country % of income of the richest 1% Albania 8.2 Algeria 9.7 Angola 15.2 Australia 9.1 Austria 9.3 Bahrain 18.0 Belgium 7.8 Benin 17.5 Bosnia and Herzegovina 8.9
Among the findings, Oxfam highlighted how the personal fortunes of the world's five richest people — Tesla CEO Elon Musk, Bernard Arnault and his family of luxury company LVMH, Amazon founder ...
Average income tax paid by the 1%: $673,926 Average tax rate of the 1%: 25.82% Connecticut is where the richest 1% pay the most in average income taxes, followed by Wyoming at an average of $827,796.
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.
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.
National net wealth, also known as national net worth, is the total sum of the value of a country's assets minus its liabilities. It refers to the total value of net wealth possessed by the residents of a state at a set point in time. [ 1 ]
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 ...
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