Archive for the 'Income - High' Category

Top 400 Taxpayers: Sources of Income 1992-2005

Published by Catherine on April 6, 2008 in Area Graph, IRS, Income - High, Income - Types of and United States. 0 Comments

This graph shows the different types of income of the “Top 400″ from 1992-2005. Number one source of income is Capital Gains, which accounts for more than 50% of their income in 2005.

The “Top 400″ are the 400 tax returns with the highest adjusted gross income reported to the IRS.

{Click on the image to take a closer look}
IRS Top 400 magnifying glass

Data from the IRS via Wall Street Journal’s Tax Report

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Popularity: 5% [?]

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Top 400 Taxpayers: Income and Taxes Paid 1992-2005

Published by Catherine on March 30, 2008 in Area Graph, IRS, Income - Average, Median, Income - High, Line Graph, Tax Rates, Tax collection and United States. 4 Comments

This graph shows the average income reported to the IRS and the average taxes paid by the top 400, i.e. the 400 taxes returns with the highest adjusted gross income from 1992-2005. This does not represent not gains in the wealth of people like Bill Gates but instead shows the annual income of the superrich reported to the IRS. They accounted for 1.15% of total income reported in 2005, more than twice as large as their 0.49% share in 1995.

{Click on the image to take a closer look}
IRS Top 400 magnifying glass

Data from the IRS via Wall Street Journal’s Tax Report

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Annual income of three billion dollars?

Published by Catherine on January 21, 2008 in Income - High. 1 Comment

Reading the Wealth Report I stumbled across The $3 Billion Payday

…hedge-funder John Paulson, who made somewhere between $3 billion and $4 billion last year. That’s right, between $3 billion and $4 billion. In one year.To put that in perspective, Mr. Paulson’s salary equals the incomes of 62,500 Americans earning the national median income of $48,000 a year. It also puts him instantly among the top 150 richest Americans, as measured by Forbes. Mr. Paulson made more in one year than The Donald has made in a lifetime.

I have tried to graph hedge fund manager income in the past but it is difficult to compare income of $50,000 with $3 billion on the same graph. Alternatively, I have compared CEO and hedge fund managers.

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Historical Tax Rates by Income Group [NYTimes]

Published by Catherine on November 3, 2007 in Income - High, Income - Low, Pitketty & Saez, Tax Rates and United States. 5 Comments

A recent NY Times article included a graph showing the amount of taxes paid to the federal government based on income groups. While I like the graph it does not explain what the income thresholds are for each income group. However, I was able to pull out of the original journal article that the average income for the highest earning 0.01% was $18,113,612.

taxes

See also: What does Top 1%, Top 0.1%, Top 0.01% mean?
2005 US Income Distribution part 3

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TheOnion: Are America’s Rich Falling Behind The Super-Rich?

Published by Catherine on October 8, 2007 in Income - High and Video. 0 Comments

Although this is a a brilliant parody from the Onion, the premise is true. If you take look at this graph of the top 5% (comparing the top 1% to the next 4%) and this graph of Top 1% (comparing the top 0.1%, the next 0.4%, to the lower 0.5%), you can see how the richer you are the more your share of the total income in the US has increased since the 1970s.

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Popularity: 4% [?]