Saturday, February 24, 2018

Top 1% = $480,930 (AGI)

Just in case anyone's curious about exactly what defines the One-Percenters, the graphic below answers the questions for not just the One, but the Two, the Five, and the Ten, and not just for now but going back to 2006.  It's interesting that the graph didn't really change all that much during the depths of the recession.  Please note this is salary only, not other assets, not net worth, and that as the author points out, many of the One Percenters have no salary at all.  Food for thought, and a lot information in one eye-shot.  Enjoy the rest of the weekend. 




 Top 1% = $480,930 (AGI)

February 23, 2018 10:00am by Barry Ritholtz
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 . . .


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