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Q: Million dollar earners ( Answered,   0 Comments )
Subject: Million dollar earners
Category: Business and Money > Economics
Asked by: ekay-ga
List Price: $10.00
Posted: 15 Mar 2006 14:19 PST
Expires: 14 Apr 2006 15:19 PDT
Question ID: 707721
How many people in the U.S. earned $1 million or more in a recent
year?  (I am not interested in the number who have net worths of this
amount, but only those who earned it in a one year period.)I would
like a reliable source to cite.
Subject: Re: Million dollar earners
Answered By: pafalafa-ga on 15 Mar 2006 14:50 PST

According to the IRS's Statistics of Income bureau, there were close
to 200,000 tax returns reporting a million dollars or more in 2003
(the most recent year available):
Table 1.1--2003, Individual Income Tax Returns, Selected Income and
Tax Items, by Size and Accumulated Size of Adjusted Gross Income

From the table, we can see the number of earners in the over-a-million categories:

$1,000,000 under $1,500,000	.......... 81,695    

$1,500,000 under $2,000,000	.......... 34,017    

$2,000,000 under $5,000,000	.......... 48,278    

$5,000,000 under $10,000,000	.......... 11,168    

$10,000,000 or more	        ..........  6,126    

and adding them up, we get:

81,695 + 34,017 + 48,278 + 11,168 + 6,126 = 

181,284 taxpayers who (singly or jointly) reported incomes of a
million dollars or more in 2003.

I trust that's the number you're looking for.  But if there's anything
else you need, just let me know by posting a request for
clarification, and I'm at your service.



search strategy -- Google search on [ irs statistics of income ]
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