Category: Reference, Education and News > General Reference
Asked by: mcvic-ga
List Price: $5.00
13 May 2006 19:19 PDT
Expires: 12 Jun 2006 19:19 PDT
Question ID: 728567
What percntage of Americans make $100,000 or more per year? What percent make over $200,000 per year?
Answered By: pafalafa-ga on 13 May 2006 19:42 PDT
mcvic-ga, According to the most recent IRS analysis of income levels as reported on income tax returns: http://www.irs.gov/pub/irs-soi/02indtr.pdf Individual Income Tax Returns, 2002 Figure F Number of Returns, Adjusted Gross Income, Net Long-Term Capital Gains, and Total Income Tax, by Size of Adjusted Gross Income There were a total of 130.1 million tax returns filed in 2002. Of these... 8.4 million reported income between $100,000 and $200,000 and 2.4 million reported incomes greater than $200,000 All told, then, 8.4 / 130.1 = 0.0646 = 6.46% of tax filers earned between $100-200K and 2.4 / 130.1 = 0.0184 = 1.84% earned more than $200,000 I trust that's what you needed, but if there's anything more I can do for you, just let me know. Cheers, pafalafa-ga search strategy -- Used bookmarked sites for income and wealth data
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Thank you -- this is exactly what I needed... And I appreciate the quick reply!
From: jack_of_few_trades-ga on 15 May 2006 05:22 PDT
It is in fact great data, and perhaps the best data out there but it doesn't answer the question as asked. That data for the most part answers the question "What percentage of American families have an income greater than..." This is because most tax returns of married couples are filed jointly. This will show a much larger income than if they had filed separately. The percentage of Americans making over $100K and $200K is much lower than suggested by this data.
From: frankcorrao-ga on 16 May 2006 10:18 PDT
I think the census might have information for indivuals, as is referenced here: http://money.cnn.com/2003/09/08/pf/saving/q_sixfigurejobs/ Accoridng to that, its 4.2% making 100K+ as of 2001.
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