2 ms·
depends a lot on if you count capital gains. My understanding is that if you include those, (which really, you'd have to; most really wealthy people earn most
by lsc 15y ago
depends a lot on if you count capital gains. My understanding is that if you include those, (which really, you'd have to; most really wealthy people earn most of their money through capital gains rather than salary) you have to be well north of a million a year to be in the top 1%.
- garethsprice 15y agoHere's a great interactive tool from IBM, based on 2010 data: http://www-958.ibm.com/software/data/cognos/manyeyes/visualizations/income-percentiles-for-2010-by-typ http://www-958.ibm.com/software/data/cognos/manyeyes/visuali... 99% = $515k taxable household income, which I believe includes capital gains. It's a hard L-shaped graph though, the difference between 30 and 40% is under $10k, but the real jumps don't come until the mid 90% range.