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Top 10%: $248,610. Top 5%: $390,209. Top 1%: $1,199,812. As you can see, you need an income well over three times the national average to crack the top 10%. It takes another $140,000 on top of ...
But you might still rank among America's wealthiest, even if you don't crack the top 1%. To be in the top 5%, you'll need an annual income of at least $342,987, while the top 10% starts at ...
While the income of the top 1% varies, Forbes reported in 2023 that the bracket's minimum net worth is much higher — a cool $11.1 million. Finding your way into these financial brackets isn’t ...
English: Chart of the US Top 1% income share during the periods from 1913-2008. Data retrieved from The World Top Incomes Database on 2011-10-22. W3C-validity not checked.
The middle 20% paid 10.3% of taxes while getting 11.4% of the income, and the top 1%, those with yearly incomes averaging $1,371,000, paid 21.6% of taxes while getting 21% of total income. Across eight income groups whose data were reported, the largest difference between total taxes paid and total income received was just 1.7 percentage points.
In the rarefied top 0.1 percent, the average earnings were more than $2.8 million in 2022. Here is how a few remaining categories break down by cohort and year. Category
English: An SVG version of a chart demonstrating increases in the annual income of the top 1% of wealthy persons in the U.S. before economic crises. Date 4 October 2011
Massachusetts and California residents require an annual income of $1.11 million and $1.04 million, respectively, to be considered at the top. Meanwhile, West Virginia has the lowest threshold to ...