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> Also, most income earned by the top 1% of income earners is employment income; many professionals (doctors / dentists / engineers / lawyers / accountants) fal
by ragazzina 10y ago
> Also, most income earned by the top 1% of income earners is employment income; many professionals (doctors / dentists / engineers / lawyers / accountants) fall into that top 1% of incomes.
I am not American and I don't know if doctors and lawyers are usually considered 1 percenters, but Wikipedia says "Data on the minimum yearly income to be considered among the 1% vary per source, ranging from about $500,000 to $1.3 million."[1] It is my understanding that half a million dollar is not a common engineer or doctor income, I am not sure most income earned by 1 percenters is employment income.
[1] https://en.wikipedia.org/wiki/We_are_the_99%25 https://en.wikipedia.org/wiki/We_are_the_99%25