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The Top 0.01% and Top 1%'s Income Share: 2008

Income Distribution in 2008 Average Income for each income group All Individual Tax Units 152,462,000 1= Average Income $54,315 Income cut off Number of tax units = $1,000,000 Top 0.01% Top 0.1% Top 1% Top 10% 1 out of 10,000 $9,141,190 15,246 10 out of 10,000 100 out of 10,000 $1,695,136 $368,238 Share of Income 152,462 1,524,620 reported to IRS = 1% 1,000 out of 10,000 $109,062 15,246,200 40 of 10,000 9 of 10,000 Average Income $3,238386 Average Income $878,139 Share of Income 5.3% Share of Income 6.5% 50 of 10,000 Top 1 to 0.5% Top 0.1 to 0.01% Bottom 90% 9000 of 10,000 Average Income $443,102 Average Income $31,244 Share of Income 51.8% Share of Income 4.1% Top 0.5 to 0.1% 1 of 10,000 Average Income $27,342,212 Top 0.01% Share of Income 5.0% Top 5 to 1% 400 of 10,000 Average Income $211,476 Share of Income 15.6% Top 10 to 5% 500 of 10,000 Average Income $127,184 Share of Income Data from Piketty, T. and Saez, E. 2007. Income and Wage Inequality in the United States 1913-2002 The World Top Incomes Database, http://g-mond.parisschoolofeconomics.eu/topincomes, 6/2011 VisualizingEconomics.com

The Top 0.01% and Top 1%'s Income Share: 2008

shared by rmmojado on Jan 23
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This one of the graphics that I presented recently at The Big Picture conference here in New York City. It is from a project I am currently working on called An Illustrated Guide to Income in the United States.

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Economy
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