How do you stack up against the wealthiest Americans?
To be a 1 percenter, you need to have an adjusted gross income of at least $480,930, according to the latest data from the IRS, which looked at income statistics for tax year 2015. The top 1% accounted for 1.4 million individual income tax returns — out of 141.2 million total — that year.
If that income cutoff isn't dispiriting enough, to be part of the top 0.1%, which represented 141,205 returns in 2015, your adjusted gross income needed to be at least $2.2 million. Entry to the top 0.01%, representing 14,120 returns, required adjusted gross income of $11.9 million or more.
Lorie Konish | CNB