FYI-top 1% of income earners in 2009

The latest numbers from the IRS -- based on 2009 tax returns -- show what it takes to be among the top 1% of income earners: adjusted gross income of $343,927 or more. The 1.4 million Americans with this elite status reported 16.9% of all the country's taxable income.

That's right. One percent of taxpayers reported almost 17% of all taxable income. But that same tiny group also kicked in 37% of all the taxes paid. How much do you need to make to be in the top 50% of earners? Just $32,396.

Fall below that level and you are in the bottom half, along with nearly 70 million of your fellow taxpayers. All told, that group earned just 13% of the income reported on 2009 tax returns. And they coughed up 2.25% of all the income taxes paid.

Use our calculator to see if you’re in the top 1%, 5%, 10%, 25%, 50% . . . or bottom 50% of income earners.

Read more: http://www.kiplinger.com/features/archives/how-your-income-stacks-up.html#ixzz2AiLIOb6S
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Read more at http://www.kiplinger.com/features/archives/how-your-income-stacks-up.html#ruVZKF0BzQV3qBJu.99

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• if you have later #, let us know. -yma16- ♂ (0 bytes) () 10/29/2012 postreply 12:19:07