1%'ers check in here.

[Aharami]

Top 1%: $380,354
Top 5%: $159,619
Top 10%: $113,799
Top 25%: $67,280
Top 50%: >$33,048

http://www.financialsamurai.com/2011/04/12/how-much-money-do-the-top-income-earners-make-percent/

that must be individual, and not household. Right?

 

[Fausto]

that must be individual, and not household. Right?

Hard to say. I don't know how they'd break it down for households filing jointly.

 

[CrazyAznDriver]

Top 1%: $380,354
Top 5%: $159,619
Top 10%: $113,799
Top 25%: $67,280
Top 50%: >$33,048

http://www.financialsamurai.com/2011/04/12/how-much-money-do-the-top-income-earners-make-percent/

Our family is in the top 1% but we don't feel rich for sure, comfortable yes. Student loans, mortgage, cc debt, etc. We went from around 50k a little over a year ago, so I guess we haven't been in the bracket long enough to feel it.

 

[purbeast0]

In what way? Do they seem low or high?

i wouldn't expect that only 10% of americans make over $113k, and that 25% make over $67k. i would think the $$ values for top 10% would be higher than that, like where the 5% number starts.

but i guess that is just because I live and work in the DC metro area and have my entire life. the cost of living around here is expensive so people get compensated pretty well too, probably especially when compared to other parts of the country.

cause now that I think about it, people are buying houses for < $100k that are like 2x larger than the houses going for $350k around here. so i'm guessing those people probably aren't making as much as people around here.

EDIT:

and that would surprise me even more if that was household income and not individual income.

it also surprised me considering the jump in % i've made in less than 2 years by switching jobs.

 

[purbeast0]

Our family is in the top 1% but we don't feel rich for sure, comfortable yes. Student loans, mortgage, cc debt, etc. We went from around 50k a little over a year ago, so I guess we haven't been in the bracket long enough to feel it.

so you are saying you make over $330k more now than you did a little over a year ago, and you don't feel it?

:confused;

 

[Aharami]

Our family is in the top 1% but we don't feel rich for sure, comfortable yes. Student loans, mortgage, cc debt, etc. We went from around 50k a little over a year ago, so I guess we haven't been in the bracket long enough to feel it.

new doctors?

 

[YoungGun21]

i wouldn't expect that only 10% of americans make over $113k, and that 25% make over $67k. i would think the $$ values for top 10% would be higher than that, like where the 5% number starts.

but i guess that is just because I live and work in the DC metro area and have my entire life. the cost of living around here is expensive so people get compensated pretty well too, probably especially when compared to other parts of the country.

cause now that I think about it, people are buying houses for < $100k that are like 2x larger than the houses going for $350k around here. so i'm guessing those people probably aren't making as much as people around here.

EDIT:

and that would surprise me even more if that was household income and not individual income.

it also surprised me considering the jump in % i've made in less than 2 years by switching jobs.

10% would be over 30 million people.

Seems plenty logical

 

[purbeast0]

10% would be over 30 million people.

Seems plenty logical

it's 10% of tax payers, not 10% of the population of USA.

 

[amdhunter]

Bulldozer will destroy i7 - watch. :whiste:

Looks like I was wrong. lol

 

[CrazyAznDriver]

so you are saying you make over $330k more now than you did a little over a year ago, and you don't feel it?

:confused;

We feel it for sure but we don't feel rich either. I think net worth or savings would be a better indicator of top 1%. We have a mortgage, 200k student loans, private school tuition for 2 kids, cc debt of 80k(almost to 0 now), and found our home inspection missed about 70k of things that should have been fixed. Now in a couple years I expect to feel it more.

new doctors?

Yes, my wife.

 

[highland145]

that must be individual, and not household. Right?

The article says this.

SUMMARY OF FEDERAL INDIVIDUAL INCOME TAX DATA, 2010

but it's not clear. Individual returns (single, married) or individual as in single.

Edit: Looks like households.
http://en.wikipedia.org/wiki/Household_income_in_the_United_States

 

[purbeast0]

We feel it for sure but we don't feel rich either. I think net worth or savings would be a better indicator of top 1%. We have a mortgage, 200k student loans, private school tuition for 2 kids, cc debt of 80k(almost to 0 now), and found our home inspection missed about 70k of things that should have been fixed. Now in a couple years I expect to feel it more.

yea that is a lot of stuff to pay off i guess.

but shit ... that is over $30k/month lol. those debts shouldn't take any time to pay off.

 

[KGB]

Chucker,

You need to start a new movement... #OccupyBedStuy. Do the right thing!!!

 

[Fausto]

yea that is a lot of stuff to pay off i guess.

but shit ... that is over $30k/month lol. those debts shouldn't take any time to pay off.

It's not $30k/month when you take out taxes, retirement stuff, insurance, etc, etc, etc.

 

[Aharami]

It's not $30k/month when you take out taxes, retirement stuff, insurance, etc, etc, etc.

yea depending on what kinda doctor, medical malpractice insurance can be pretty hefty. I think for anesthesiologists, malpractice can be close to 50% of gross income (or so Ive heard)

 

[CrazyAznDriver]

yea depending on what kinda doctor, medical malpractice insurance can be pretty hefty. I think for anesthesiologists, malpractice can be close to 50% of gross income (or so Ive heard)

Yes taxes take a big chunk monthly, but her employer pays all her malpractice so that is good. She is a trauma surgeon.

 

[Aharami]

Yes taxes take a big chunk monthly, but her employer pays all her malpractice so that is good. She is a trauma surgeon.

is that the norm?

 

[CrazyAznDriver]

is that the norm?

I am not sure, probably not for private groups. She is a hospitalist, employed and base salary from the hospital, it is the way medicine is going. From small groups to large businesses. Trauma in particular is usually run by a university or large corporation from what I have seen.

 

[jhansman]

TV would never lie to you...but you can smoke, snort, shoot, or swallow all of those to get high, preference depends on the user

Ah, good to know. Well, I'm off to my local drug dealer's.... :whiste:

 

[Unheard]

10&#37; represent!

 

[TheSlamma]

Screw those Wall Street hippies. Who's down for smoking come cocaine rolled up in $100 bills? :thumbsup:

Suburbanite confirmed.

 

[mizzou]

We feel it for sure but we don't feel rich either. I think net worth or savings would be a better indicator of top 1%. We have a mortgage, 200k student loans, private school tuition for 2 kids, cc debt of 80k(almost to 0 now), and found our home inspection missed about 70k of things that should have been fixed. Now in a couple years I expect to feel it more.

Yes, my wife.

Damn dude, thats alot of debt. I dont have any sympathy for your financial choices but i know where you are coming from. I have a relative who is finishing med school and will start with $160k salary, but with so muh loan debt he wont be able to afford a house down payment for several years.

I cant wait for him to statt living it up, hes all depressed and im like, just wait a few years, youll have 5x an increase in standard of living overnight

 

[Icepick]

We feel it for sure but we don't feel rich either. I think net worth or savings would be a better indicator of top 1%. We have a mortgage, 200k student loans, private school tuition for 2 kids, cc debt of 80k(almost to 0 now), and found our home inspection missed about 70k of things that should have been fixed. Now in a couple years I expect to feel it more.



Yes, my wife.

Sounds like your family's income is way higher than it needs to be. No sympathy. Try donating something to a charitable cause to ease the suffering of others who are not so well off. You'll be much happier.

 

[spidey07]

i wouldn't expect that only 10% of americans make over $113k, and that 25% make over $67k. i would think the $$ values for top 10% would be higher than that, like where the 5% number starts.

but i guess that is just because I live and work in the DC metro area and have my entire life. the cost of living around here is expensive so people get compensated pretty well too, probably especially when compared to other parts of the country.

cause now that I think about it, people are buying houses for < $100k that are like 2x larger than the houses going for $350k around here. so i'm guessing those people probably aren't making as much as people around here.

EDIT:

and that would surprise me even more if that was household income and not individual income.

it also surprised me considering the jump in % i've made in less than 2 years by switching jobs.

If you're a dual white-collar income household the chances of you being in the top 5% of wage earners is quite high.

 

[Icepick]

I am pretty sure I pay more taxes than 99% of those kids. At least they're not throwing rocks through store fronts.

Stop whining. If you make more then you should pay more. There's no free ride.