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What else can I help you with?
How much do the top 10 percent percent of wage earners spend in the US?
The top 2% spend ~ 65% while the top 20% spend ~ 80%. The spending habits of the top 2% have been dramatically reduced over the past 24 months by as much as 75%. You know what rolls down the hill. Our retail, commercial, and industrial entities have been hit very hard contributing to decreased income, increased layoffs.
What is the 86Th percentile of an IQ score?
top 14 percent
Top 2 percent of earners?
Yes, amongst any group of people - in the world, continent, country, region, city, etc, there will be 2% who earn more than the others and these will be the top 2 percent of earners.
How much wealth does the top 20 percent own in US?
As of recent data, the top 20 percent of households in the United States own approximately 70 percent of the nation's wealth. This concentration of wealth highlights significant economic inequality, with the wealthiest individuals holding a disproportionate share compared to the bottom 80 percent, who collectively own a much smaller percentage of total wealth. This disparity has been a focal point in discussions about economic policy and social equity.
What is 20 percent percent percent of 1469?
The word percent is never properly repeated in a percentage, so this has no meaning. However, the correct answer is actually 293.8 (20% of 1469) which can be found by setting up a proportion with 100 and the whole number 1469 as the denominators in the fractions and a 20 above the 100 and an x on top of the 1469. Cross multiply and solve for the unknown.
What is top 20 percent income in US?
As of this year the top twenty percent of income in the United States is "a household income of just over $100,000. The top 10 percent of earners have a household income of more than $148,687."
Why do the Scandinavian countries have high taxes?
According to the OECD, Denmark (26.4 percent), Norway (19.7 percent), and Sweden (22.1 percent) all raise a high amount of tax revenue as a percent of GDP from individual income taxes and payroll taxes. This is compared to the 15 percent of GDP raised by the United States through its individual income taxes and payroll taxes for instance. In order to raise a lot of income tax revenue, income tax rates in Scandinavian countries are rather high except for that of Norway. Denmark's top marginal effective income tax rate is 60.4 percent. Sweden's is 56.4 percent. Norway's top marginal tax rate is 39 percent. Scandinavian income taxes raise a lot of revenue because they are actually considered flat. In other words, they tax most people at high rates, not just the high-income taxpayers. The top marginal tax rate of 60 percent in Denmark applies to all income over 1.2 times the average income in Denmark. Sweden and Norway have similarly flat income tax systems. Sweden's top marginal tax rate of 56.9 percent applies to all income over 1.5 times the average income in Sweden. Norway's top marginal tax rate of 39 percent applies to all income over 1.6 times the average Norwegian income.
Why do the Scandinavian have high taxes?
According to the OECD, Denmark (26.4 percent), Norway (19.7 percent), and Sweden (22.1 percent) all raise a high amount of tax revenue as a percent of GDP from individual income taxes and payroll taxes. This is compared to the 15 percent of GDP raised by the United States through its individual income taxes and payroll taxes for instance. In order to raise a lot of income tax revenue, income tax rates in Scandinavian countries are rather high except for that of Norway. Denmark's top marginal effective income tax rate is 60.4 percent. Sweden's is 56.4 percent. Norway's top marginal tax rate is 39 percent. Scandinavian income taxes raise a lot of revenue because they are actually considered flat. In other words, they tax most people at high rates, not just the high-income taxpayers. The top marginal tax rate of 60 percent in Denmark applies to all income over 1.2 times the average income in Denmark. Sweden and Norway have similarly flat income tax systems. Sweden's top marginal tax rate of 56.9 percent applies to all income over 1.5 times the average income in Sweden. Norway's top marginal tax rate of 39 percent applies to all income over 1.6 times the average Norwegian income.
Why do Scandinavian countries have high taxes?
According to the OECD, Denmark (26.4 percent), Norway (19.7 percent), and Sweden (22.1 percent) all raise a high amount of tax revenue as a percent of GDP from individual income taxes and payroll taxes. This is compared to the 15 percent of GDP raised by the United States through its individual income taxes and payroll taxes for instance. In order to raise a lot of income tax revenue, income tax rates in Scandinavian countries are rather high except for that of Norway. Denmark's top marginal effective income tax rate is 60.4 percent. Sweden's is 56.4 percent. Norway's top marginal tax rate is 39 percent. Scandinavian income taxes raise a lot of revenue because they are actually considered flat. In other words, they tax most people at high rates, not just the high-income taxpayers. The top marginal tax rate of 60 percent in Denmark applies to all income over 1.2 times the average income in Denmark. Sweden and Norway have similarly flat income tax systems. Sweden's top marginal tax rate of 56.9 percent applies to all income over 1.5 times the average income in Sweden. Norway's top marginal tax rate of 39 percent applies to all income over 1.6 times the average Norwegian income.
What is your income in top 2 percent family earners in US?
150000
The top 5 percent of wage earners in America annual income?
"Including all tax returns that had a positive AGI [adjusted gross income], taxpayers with an AGI of $153,542 or more in 2006 constituted the nation's top 5 percent of earners. To break into the top 1 percent, a tax return had to have an AGI of $388,806 or more. The top-earning 25 percent of taxpayers [have an] AGI over $64,702." http://www.taxfoundation.org/news/show/250.html
Do professionals have to pay taxes?
Professional whats?Actually, by law, everyone must pay taxes to the commonwealth in which they live and for any services or products they pay for which are deemed taxable.It's just that the tax laws are written to favor the wealthy.Of course professionals pay taxes...in fact much more than all others combined...and historically....they and the aristocracy were frequently the only ones to do so. More clearly, they use less of the things taxes are needed to pay for...(they don't use public services much), and just as clearly, buy many more things that have sales, excise and other taxes placed on them than those who live at a more substance level.Facts: http://www.taxfoundation.org/taxdata/show/250.html Where the independent and in depth analysis to support (the top 1% of earners pay 40% of all the tax): "This year's numbers show that both the income share earned by the top 1 percent and the tax share paid by the top 1 percent have reached all-time highs. In 2005, the top 1 percent of tax returns paid 39.4 percent of all federal individual income taxes and earned 21.2 percent of adjusted gross income, both of which are significantly higher than 2004 when the top 1 percent earned 19 percent of AGI and paid 36.9 percent of federal individual income taxes." And "The top-earning 25 percent of taxpayers (AGI over $62,068) earned 67.5 percent of the nation's income, but they paid more than four out of every five dollars collected by the federal income tax (86 percent). The top 1 percent of taxpayers (AGI over $364,657) earned approximately 21.2 percent of the nation's income (as defined by AGI), yet paid 39.4 percent of all federal income taxes. That means the top 1 percent of tax returns paid about the same amount of federal individual income taxes as the bottom 95 percent of tax returns."
What is the income of the top ten percent in NJ?
As of recent data, the income threshold to be in the top ten percent of earners in New Jersey typically exceeds $200,000 annually. This figure can fluctuate based on economic conditions and changes in the state's demographics. New Jersey is known for its high cost of living, which contributes to the relatively high income required to be in the top ten percent.
What is the top 2 percent of wage earners in America Annual Income?
250,000
The top 7 percent of wage earners in America annual income?
120,000
Who pays the most income tax in the United States?
Persons earning $389 thousand and over pay 39.89 % of income tax. Top 1%. Persons earning $154 thousand and over pay 60.14 % of income tax. Top 5%. Persons earning $109 thousand and over pay 70.79 % of income tax. Top 10%. Persons earning $ 65 thousand and over pay 86.27 % of income tax. Top 25%. Persons earning $ 32 thousand and over pay 97.01 % of income tax. Top 50%. Persons earning less than $ 32 thousand pay 2.99 % of income tax. Bottom 50%. These figures are for federal income taxes only. They do not include payroll taxes which account for ~40% of federal revenue. (pre the Heritage Foundation) - "Workers with pre-OASDI incomes from $17,813 to $27,732 have the highest average effective Social Security tax rate (10.3 percent). 11 Workers in the highest income group have the lowest tax rate (6.7 percent)."
How much does the top 2 percent of Americans earn?
its approx $200,000 houshold income.
