curious.
2006-10-26 12:37:51 · 5 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ United States
The minimum adjusted gross income for a tax return to fall into various percentiles in 2004 are as follows:
Bottom 50% : $30,122
Top 25% : $60,041
Top 10% : $99,112
Top 5% : $137,056
Top 1% : $328,049
These are adjusted gross income numbers. In most cases, the source of the income for individuals with AGI over $200,000 is not wages.
2005 Numbers are still under tabulation and are not yet available.
2006-10-27 09:14:27 · answer #1 · answered by tax_black_belt 2 · 0⤊ 0⤋
I don't know, but the top 1% of earners in America pay around 34% of the taxes.
So, the rich do pay their fair share, plus 33% more.
-Aztec276
2006-10-26 19:41:55 · answer #2 · answered by Anonymous · 2⤊ 0⤋
Check Forbes magazine on their criteria for selecting candidates.
Bill Gates, Waltons (Wal-Mart), Buffett are the top currently.
BTW: It's not about how much you make....it's about how much you get to keep. :o)
2006-10-26 19:42:21 · answer #3 · answered by Smilin' Fred 4 · 1⤊ 0⤋
All I know is that 60% of my husbands paycheck never crosses our palms. On paper it may look good, but in reality, you can't eat paper.
2006-10-27 00:21:44 · answer #4 · answered by brainsandcute2 3 · 0⤊ 0⤋
More than I make!
2006-10-26 19:45:11 · answer #5 · answered by ♥honey♥ 4 · 0⤊ 0⤋