click for ginormous graphic
Source: Bloomberg
This is quite intriguing:
What does it take to get into the 1 percent? The price of admission is an adjusted gross income — basically, what you make before deductions — of $480,930.
That’s according to the latest Winter 2018 edition of the Internal Revenue Service’s Statistics of Income Bulletin, which shows that the number of that elite group hit about 1.4 million in 2015, continuing its steady growth since 2009. Back then, you could have gotten into this bunch with an AGI of $350,000, its Great Recession low, but it’s been climbing ever since.
Note this is looking at salary, e.g., Adjusted Gross Income, not holdings, real property, portfolio, etc. Lots of the top 1% and especially the top 0.01% have no salary at all . . .
