5 ms·

How much household income would put you in top 1%?

• TradingPlaces 4y ago
  In 2019 dollars $867,844
  • andscoop 4y ago
    1% in 2018 tax year was $540,009 [1]. We have NOT seen ~60% inflation since then. I hope you are joking, it isn't obvious at all. If you're not, please site your reasoning / sources. [1]: https://www.irs.gov/statistics/soi-tax-stats-tax-stats-at-a-glance https://www.irs.gov/statistics/soi-tax-stats-tax-stats-at-a-...
    • TradingPlaces 4y ago
      And that comes from the distributional financial accounts https://www.federalreserve.gov/releases/z1/dataviz/dfa/index.html https://www.federalreserve.gov/releases/z1/dataviz/dfa/index...
    • TradingPlaces 4y ago
      Households, not people
    • TradingPlaces 4y ago
      And also, IRS is adjusted gross income, not income.
• Isamu 4y ago
  Well over $500k in the US https://en.m.wikipedia.org/wiki/Income_in_the_United_States https://en.m.wikipedia.org/wiki/Income_in_the_United_States
• deleted 4y ago
  [deleted]