Us Income Share Of Top 1

Income share of top 1 of households cbo and piketty saez data series compared.
Us income share of top 1. Keep in mind that these numbers just represent the threshold the average income of the top 1 percent nationwide is 1 32 million. In contrast the top 1 increased its share of earnings from 7 3 in 1979 to 13 3 in 2018 a near doubling the epi also points out that the top 0 1 more than tripled their share of earnings to. The top 1 earned 21 of the country s income and paid 38 5 of federal individual income taxes. High income taxpayers paid the majority of federal income taxes.
The highest 1 percent of earners in the united states saw their share of income grow some 70 percent between 1979 and 2016 even after taxes and government transfers are taken into account. The share of income earned by the top 1 percent rose from 19 7 percent in 2016 to 21 0 percent in 2017 and the share of the income tax burden for the top 1 percent rose as well from 37 3 percent in 2016 to 38 5 percent in 2017. Graph and download economic data for share of total net worth held by the top 1 99th to 100th wealth percentiles wfrbst01134 from q3 1989 to q2 2020 about net worth wealth percentile net and usa. The top 1 paid a greater share of income tax to the u s.
Graphic created using cbo and piketty saez data series. As illustrated in the graph below the share of income going to the top 1 percent has surpassed its 2007 peak of 18 3 percent and is now 19 3 percent the highest share since 1928. Meanwhile the top 0 01 the richest 16 068 families in the country now have a 5 5 share of income 550x their population if income were evenly distributed just under their great recession peak and somewhat surprisingly with and without capital gains.