Difference between revisions of "Income"
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[http://www.tax.com/taxcom/features.nsf/Articles/68051B5A9788CD038525762300631E71?OpenDocument taxes and income inequality] | |||
:Households making $1 million or more account for just 1 in 364 .2% taxpayers, yet they captured an astonishing 36.1 percent of the total real increase in incomes in America from 2006 to 2007, according to my analysis of new data. | |||
Even among the rich, most of the gains went to the very top. Just 18,400 taxpayers make more than $10 million, yet they captured every fifth dollar of increased income going to the whole nation -- and then some. Indeed, this thinnest and richest slice of Americans, just one household in 7,700, pocketed 22.3 percent of the entire national increase. | |||
[http://blogs.forbes.com/janetnovack/2011/05/11/richest-400-took-record-share-of-capital-gains-during-market-meltdown-year/ top400] | [http://blogs.forbes.com/janetnovack/2011/05/11/richest-400-took-record-share-of-capital-gains-during-market-meltdown-year/ top400] | ||
Revision as of 18:52, 16 March 2012
- Households making $1 million or more account for just 1 in 364 .2% taxpayers, yet they captured an astonishing 36.1 percent of the total real increase in incomes in America from 2006 to 2007, according to my analysis of new data.
Even among the rich, most of the gains went to the very top. Just 18,400 taxpayers make more than $10 million, yet they captured every fifth dollar of increased income going to the whole nation -- and then some. Indeed, this thinnest and richest slice of Americans, just one household in 7,700, pocketed 22.3 percent of the entire national increase.
- "The top 400 taxpayers posted an average of $153.7 million in gains each (or a total of $61.5 billion in gains) down from $228.6 million (or a total of $91.4 billion) in 2007. As a result, the average adjusted gross income of the 400 declined nearly 22% to a mere $270.5 million, from a record $344.8 million for 2007. It was still the second highest on record, topping 2006’s average AGI of $263.3 million. The cut-off for making the top 400 in 2008 was AGI of $110 million, down from $139 million in 2007."
Average Itemized Deductions - United States AGI(000)Medical Taxes Interest Contributions Total $15-30 $5,390 $2,270 $5,442 $1,338 $10,306 30-50 4,226 3,112 5,716 1,465 10,938 50-75 4,722 4,428 6,587 1,768 13,194 75-100 6,544 6,171 8,063 2,286 16,896 100-200 12,277 9,758 11,107 3,433 23,870 200+ 32,113 36,076 25,046 16,882 65,871
http://dspace.mit.edu/bitstream/handle/1721.1/63740/incomeinequality00feen.pdf?sequence=1
http://www.taxfoundation.org/news/show/250.html#table3
http://www.measuringworth.com/calculators/uscompare/
peoples guide to federal budget
http://rationalrevolution.net/articles/american_income_taxation.htm
http://elsa.berkeley.edu/~saez/saez-UStopincomes-2006prel.pdf
http://www.irs.gov/taxstats/index.html
Percetile Labor Capital Transfer 10th $4,615.4 $601.8 $5,212.7 30th $18,173.1 $3,836.5 $7,442.3 50th $35,277.8 $8,092.6 $6,388.9 70th $67,109.0 $13,597.2 $4,834.1 88.5th $110,299.4 $24,347.3 $3,592.8 97.5th $148,421.1 $67,333.3 $3,789.5 100th $594,545.5 $535,454.5 $6,545.5
http://elsa.berkeley.edu/~saez/saezJEEA-PP05us-canada.pdf
