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The top 20% of Americans owned 86% of the country's wealth and the bottom 80% of the population owned 14%. In 2011, financial inequality was greater than inequality in total wealth, with the top 1% of the population owning 43%, the next 19% of Americans owning 50%, and the bottom 80% owning 7%. [15]
The threshold for the wealthiest 1% was approximately $8.4 million measured for the 2008–2010 period. Nearly half the top 1% by income were also in the top 1% by wealth. In 2010, the wealthiest 5% of households owned approximately 72% of financial wealth, while the bottom 80% of households had 5%.
The Income You Need To Jump Into the Top 1% — And 5 Ways To Make It Happen. Adam Palasciano. December 25, 2023 at 3:00 PM. jacoblund / Getty Images/iStockphoto.
The average wages of those in the top 1 percent of wage earners were $785,968 that year. In the rarefied top 0.1 percent, the average earnings were more than $2.8 million in 2022.
99% versus 1%. We are the 99% is a political slogan widely used and coined during the 2011 Occupy movement. The phrase directly refers to the income and wealth inequality in the United States, with a concentration of wealth among the top-earning 1%. It reflects the understanding that "the 99%" are paying the price for the mistakes of a tiny ...
Income needed to make the top 1%: $588,575. If the new proposed tax plan is passed into law, those who earn more than $1 million a year will pay 10.75% in state income taxes, as opposed to the 8. ...
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