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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 ...
In the same post, DOGE said Musk and Ramaswamy would only review the top 1% of applicants, and that it was exclusively seeking "super high-IQ" individuals willing to work more than 80 hours per ...
SmartAsset ranked states based on the minimum pre-tax income needed to be considered a top 1% earner, based on the latest IRS tax return data.
The top .1% owned approximately 22% of the wealth in 2012, versus 7% in 1978. The top 1% share of wealth was at or below 10% from 1950 to 1987. [81] [169] A conflicting estimate found that they held some 15%. [29] The top 400 Americans had net worth of $2 trillion in 2013, more than the bottom 50%. Their average net worth was $5 billion. [277]
After the Great Recession which started in 2007, the share of total wealth owned by the top 1% of the population grew from 34.6% to 37.1%, and that owned by the top 20% of Americans grew from 85% to 87.7%. The Great Recession also caused a drop of 36.1% in median household wealth but a drop of only 11.1% for the top 1%. [55] [53]
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
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