Tuesday, November 1, 2011

How Does Your Income Rank?

The IRS has recently released percentile ranks for adjusted gross income (AGI) reported on 2009 tax returns. Currently, these are the latest statistics that the Internal Revenue Service has made available. Using this handy table, you can quickly figure out where your income ranks:

2009 AGI (Adjusted Gross Income)Percentile Rank
less than $32,396Bottom 50%
more than $32,396Top 50%
more than $66,193Top 25%
more than $112,124Top 10%
more than $154,643Top 5%
more than $343,927Top 1%

This data comes directly from the Internal Revenue Service. A link to all of the Statistics of Income (SOI) data can be found on the IRS website.

I have also come across an interesting article on Kiplinger.com that further analyzes the IRS data. From this information, they conclude such facts as those making over $343,927 (the top 1%) account for 37% of all the taxes paid. Does anybody have some further insight on this statement?

So, now you have the data. Where do you rank?



Penny Stock Blog said...

Their was a recent economic report that came out as many as fifty percent of all housholds in the uniteds states are just slightly above the poverity level. This is very dishearting to say the least.


The folks at the bottom 50% are really not getting much at all