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http://blogs.wsj.com/wealth/2007/02/01/rich-o-meter-20/ http://blogs.wsj.com/wealth/2007/02/01/rich-o-meter-20/ Maybe 30th percentile, in 2004.

company 12y ago
do you know the difference between net worth and income?
specialp 12y ago
That is NET worth not annual income. $250k is a very high annual income, and very few people attain this working for someone else. Most people bringing in that amount or higher are running a company.
vonmoltke 12y ago
That's net worth, not income. This is income: https://en.wikipedia.org/wiki/Household_income_in_the_United_States#mediaviewer/File:Distribution_of_Annual_Household_Income_in_the_United_States_2012.png https://en.wikipedia.org/wiki/Household_income_in_the_United... That salary is not quite top-1%, but it is at least top 3%.
- nostrademons 12y ago
  This is also household income, not personal income. Last I checked, the 1% mark for a single guy was roughly $192K/year, and for a household it was about $388K. If his spouse makes an equal amount, he could very well be in the 1%.
manacit 12y ago
This is net household value, not salary - it's safe to assume if his salary was ~$250k his household value was significantly larger. In 2010, that salary would have put him somewhere between the top 5% - 1%: http://www.financialsamurai.com/how-much-money-do-the-top-income-earners-make-percent/ http://www.financialsamurai.com/how-much-money-do-the-top-in...
pessimizer 12y ago
That's wealth. 1% income is $388K. Average wage income of people at the 99th percentile is relevant here, also. To assume that 100% of this person's income is coming from wages is probably a wrong assumption, esp. in this market.
- pc86 12y ago
  Plus he mentions in the article (technically, in a comment) that his quarter-million figure includes insurance, 401k, discounted ESPP, and stock (which has a 1-year vest). It's not at all unbelievable that his actual salary could be as "low" as $150k.

company 12y ago

do you know the difference between net worth and income?

specialp 12y ago

That is NET worth not annual income. $250k is a very high annual income, and very few people attain this working for someone else. Most people bringing in that amount or higher are running a company.

vonmoltke 12y ago

That's net worth, not income. This is income: https://en.wikipedia.org/wiki/Household_income_in_the_United_States#mediaviewer/File:Distribution_of_Annual_Household_Income_in_the_United_States_2012.png https://en.wikipedia.org/wiki/Household_income_in_the_United... That salary is not quite top-1%, but it is at least top 3%.

nostrademons 12y ago
This is also household income, not personal income. Last I checked, the 1% mark for a single guy was roughly $192K/year, and for a household it was about $388K. If his spouse makes an equal amount, he could very well be in the 1%.

manacit 12y ago

This is net household value, not salary - it's safe to assume if his salary was ~$250k his household value was significantly larger. In 2010, that salary would have put him somewhere between the top 5% - 1%: http://www.financialsamurai.com/how-much-money-do-the-top-income-earners-make-percent/ http://www.financialsamurai.com/how-much-money-do-the-top-in...

pessimizer 12y ago

That's wealth. 1% income is $388K. Average wage income of people at the 99th percentile is relevant here, also. To assume that 100% of this person's income is coming from wages is probably a wrong assumption, esp. in this market.

pc86 12y ago
Plus he mentions in the article (technically, in a comment) that his quarter-million figure includes insurance, 401k, discounted ESPP, and stock (which has a 1-year vest). It's not at all unbelievable that his actual salary could be as "low" as $150k.