IRS Income Data on US Households
June 25, 2015 12:30pm by Barry Ritholtz
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Looking for for Volatility in All the Wrong Places
It would be much more helpful if the IRS would provide the income concentration data by individual – it’s not like they don’t have that data from W-2s and 1099s, which are issued to a single Social Security or Taxpayer ID number – there is really no legitimate reason that they cannot.
I hope ironman means “individual percentile”, not “individual filer”. TMI.
The author of the chart seems to think increasing income share of top earners is a good sign, and the lack of a bounceback in income share of bottom earners is a bad sign. It’s share (ratio, proportion, slice of the same pie).If the top and the bottom get more pie, …. what happensto middle old me?
You get to pay some of the highest income tax rates, payroll taxes, local property taxes, and sales taxes based on where you live and work. The $50k to $150k household income range is the sweet spot for maximum tax extraction as a percentage of income.
well you have noticed that the party of tax cuts only wants them for some. not all. just a few