0
According to the National Taxpayers Union, the AGI (Adjusted Gross Income) of the bottom of the top 1% in 2008 was $380,354.
AGI is Total Taxable Income minus various items such as pension contributions, alimony paid etc etc.
Since it is "taxable income it does not include such things as interest on Tax free municipal bonds or Capital Gains, which is taxed in a different category.
While the person at the bottom of this 1% had AGI of $380,354, (and now we're switching to 2007 figures) the person at the bottom of the top .74% of earners had an AGI of $500,000 or more. The top one quarter of one percent (.278% to be precise) had AGI of $1,000,000 or more.
In the US in 2007 there were about 138 million taxpayers, so there should be about1,380,000 taxpayers with AGI north of $380,000: 383,640 taxpayers with more than $1,000,000 in AGI. Almost 18,000 taxpayers have (had) an AGI north of $10,000,000.
Still curious? Ask our experts.
Chat with our AI personalities
Lao
Blake
RossAdd your answer:
Earn +20 pts
How much do the top 1 percent make?
The top one percent of the population holds ninety to ninety-five percent of the wealth in the US.
Which company has has the most 6 figure earners?
Microsoft has the most 6 figure earners in US companies
Which company in the US has the most six figure earners?
Primerica Financial Services.
What is 2 percent in a fraction?
A percent is that number over 100. Thus 2% can be rewritten as 2/100. That gives us a starting point. This fraction can then be simplified by dividing top and bottom by any common divisors. Both 2 and 100 are even so we can divide top and bottom by 2. This gives us 1/50 which is a fraction in its simplest form. Therefore, 2% as a fraction is 1/50.
Why don't reactions give us a 100 percent yield?
why don't reactions give us a 100 percent yield?
