Quick Question: What percentage of Americans do you think has your income level?
I believe that most Americans do not understand the breakdown of income in this country. So here is a nice chart to help you understand how poor most Americans are. (Shoutout to Danny for the basic info and the IRS for making this information public.)
Source: IRS Income Tax Statistics
Data – 130,076,445 Total income tax returns from 2002
Gross Income | Americans | % of Population |
$1 – $50,000 | 92,594,960 | 71.185% |
$50,000 – $75,000 | 17,396,916 | 13.374% |
$75,000 – $100,000 | 9,247,839 | 7.110% |
$100,000 – $200,000 | 8,422,603 | 6.475% |
$200,000 – $500,000 | 1,908,466 | 1.467% |
$500,000 – $1,000,000 | 336,684 | 0.259% |
$1,000,000 – $1,500,000 | 78,121 | 0.060% |
$1,500,000 – $2,000,000 | 31,316 | 0.024% |
$2,000,000 – $5,000,000 | 44,205 | 0.034% |
$5,000,000 – $10,000,000 | 10,026 | 0.008% |
$10,000,000 + | 5,309 | 0.004% |
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