4 ms·
No it doesn't, that's the point. The IRS publishes the top 1% and I believe the top 0.1%, but it does not cover the top 0.01% which you cited.
by JDShu 14y ago
No it doesn't, that's the point. The IRS publishes the top 1% and I believe the top 0.1%, but it does not cover the top 0.01% which you cited.
- twoodfin 14y agohttp://www.irs.gov/pub/irs-soi/08in12ms.xls http://www.irs.gov/pub/irs-soi/08in12ms.xls Try dividing the number of $10M+ earners by the total number of taxable returns. You'll get a number surprisingly close to .01%.
- JDShu 14y agoYes, what Piketty and Saez did was a more sophisticated operation on IRS data to get a time series so that we can measure exactly how the top 0.01% etc. did. Here's the link to the paper if you want the details. http://elsa.berkeley.edu/~saez/ http://elsa.berkeley.edu/~saez/