Google Answers Logo
View Question
 
Q: individual income ( Answered,   1 Comment )
Question  
Subject: individual income
Category: Business and Money
Asked by: honcho5-ga
List Price: $10.00
Posted: 25 Jun 2003 17:16 PDT
Expires: 25 Jul 2003 17:16 PDT
Question ID: 221778
what percentage of US citizens make large incomes, over 500,000$, over
1,000,000$, over 2,000,000$, etc?
Answer  
Subject: Re: individual income
Answered By: robertskelton-ga on 25 Jun 2003 20:03 PDT
 
Hi there,

Income Tax returns for the year 2000:

Total number of returns: 129,373,500    

$500,000 under $1,000,000	396,131    0.306%
$1,000,000 under $1,500,000	99,510     0.076%
$1,500,000 under $2,000,000	44,582     0.034%
$2,000,000 under $5,000,000	66,768     0.052%
$5,000,000 under $10,000,000	17,610     0.014%
$10,000,000 or more	        11,215     0.009%

The only source I found was this Excel file:
http://www.irs.gov/pub/irs-soi/00in11si.xls

Search strategy: irs data (then I browsed the IRS site)

Best wishes,
robertskelton-ga
Comments  
Subject: Re: individual income
From: neilzero-ga on 26 Jun 2003 05:33 PDT
 
This is likely from the bottom line of page 1 of the 1040 tax form.
This a reasonable definition of "make", but perhaps double these
numbers is possible, considering "married filling jointly", tax exempt
bonds and some other incentaves etc. which you may or may not feel are
reasonable adjustments.   Neil

Important Disclaimer: Answers and comments provided on Google Answers are general information, and are not intended to substitute for informed professional medical, psychiatric, psychological, tax, legal, investment, accounting, or other professional advice. Google does not endorse, and expressly disclaims liability for any product, manufacturer, distributor, service or service provider mentioned or any opinion expressed in answers or comments. Please read carefully the Google Answers Terms of Service.

If you feel that you have found inappropriate content, please let us know by emailing us at answers-support@google.com with the question ID listed above. Thank you.
Search Google Answers for
Google Answers  


Google Home - Answers FAQ - Terms of Service - Privacy Policy