Click here to subscribe to the RSS feed

The 0.01 percent

without comments

The following video highlights the wealth distribution in the U.S. The top 0.01 of the income bracket is bringing in 5 percent of the total share of income in the nation at an average rate of $27.3 million, while the top 0.1 percent of taxpayers accounts for 5.3 of the income at a little more than $3.2 million on average. Of course, I don’t believe this graphic accounts for corporations. As you can see, once you get to the notorious Top 1 percent crowd that has been much criticized by folks identifying with the Occupy movement, the disparity drastically jumps. The actual 1 percent of income makers number about 1.5 million, while the next gradation leaps to 7.5 million units at an average pay of $211,000 per year and still far more than that of most Americans. As per the latest estimate, the U.S. has a population of 312,659,914 people. Add those percentages up, and you will find that the top 1 percent hold 20.9 of the wealth.

Written by Jeremy

November 24th, 2011 at 12:54 am

Leave a Reply

31 queries in 0.732