Financial FitnessGeneral Information

Who Are the Top Income Earners?

By January 2, 2020 No Comments

As we come to the end of the year, you may have had a good income year, with the economy strong and unemployment low, but I recently saw on the internal revenue service, what the top ranked income earners adjusted gross income was.

During the tax year of 2017, it took an adjusted gross income of $2,370,000 to rank in the top 1/10 of 1% of taxpayers.

It would take an adjusted gross income of $515,000 to rank in the top 1% of taxpayers.

And it would take an adjusted gross income of $208,000 to rank in the top 5% of taxpayers.

And, it would take $145,000 to rank in the top 10% of all taxpayers.

 

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