The median taxpayer's income — $41,740 — may have grown 20% since 2011, but the threshold to join the 1% has grown 33%.
You'd need to make at least $515,371 a year to be considered one of the top 1% of taxpayers in 2017, an analysis of Internal Revenue Service data by Bloomberg's Alexandre Tanzi and Ben Steverman found. The median taxpayer's income in 2017 — $41,740 — may have grown 20% since 2011, but the threshold to join the 1% has grown 33% in the same time frame, according to Bloomberg. America's wealth gap is widening — and it could cost the economy between $1 trillion and $1.
You'd need to make at least $515,371 a year to be considered one of the top 1% of taxpayers in 2017, an analysis of Internal Revenue Service data by Bloomberg's Alexandre Tanzi and Ben Steverman found. The median taxpayer's income in 2017 — $41,740 — may have grown 20% since 2011, but the threshold to join the 1% has grown 33% in the same time frame, according to Bloomberg. America's wealth gap is widening — and it could cost the economy between $1 trillion and $1.
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