The top 1% of the US makes $480k or more in adjusted gross income
1–10 of 47 posts
Re: The top 1% of the US makes $480k or more in adjusted gross income
#2[deleted]
Re: The top 1% of the US makes $480k or more in adjusted gross income
#3This title, while informative, is unfortunately not super related to the article itself, which is about municipal bonds, who buys them and asking the question, why are people buying fewer muni bonds than before?
Re: The top 1% of the US makes $480k or more in adjusted gross income
#4>The average AGI of the 1% in 2015 was $1,483,596
What is the point of this article? Seems like it just spews random descriptive statistics. I guess it gives you an idea of the shape of the wealth graph at the top extreme, but it's too narrow to really say anything.
Re: The top 1% of the US makes $480k or more in adjusted gross income
#5Is this household or individual? I only see "tax return" mentioned, so it could be a mix of both.
A common Silicon Valley working couple, 10+ years into their careers are likely to be in the 1% if you roll in things like bonuses and stock/option grants.
And at the same time you have people claiming to be middle class with incomes over $250K.
Re: The top 1% of the US makes $480k or more in adjusted gross income
#6This title, while informative, is unfortunately not super related to the article itself, which is about municipal bonds, who buys them and asking the question, why are people buying fewer muni bonds than before?
Given the number of muni debt isn't going down - someone must be owning it. I personally sold my munis after realizing I'm paying AMT on most of the bonds anyway so wasn't tax free for me.
Re: The top 1% of the US makes $480k or more in adjusted gross income
#7Is this household or individual? I only see "tax return" mentioned, so it could be a mix of both. A common Silicon Valley working couple, 10+ years into their careers are likely to be in the 1% if you roll in things like bonuses and stock/option grants. And at the same time you have people claiming to be middle class with incomes over $250K.
You don't feel a 250K annual salary is middle class? That is a king's ransom in most of the country.
Re: The top 1% of the US makes $480k or more in adjusted gross income
#8This title, while informative, is unfortunately not super related to the article itself, which is about municipal bonds, who buys them and asking the question, why are people buying fewer muni bonds than before?
Given the number of muni debt isn't going down - someone must be owning it. I personally sold my munis after realizing I'm paying AMT on most of the bonds anyway so wasn't tax free for me.
What did you buy instead, if I may ask?
Re: The top 1% of the US makes $480k or more in adjusted gross income
#9Consider four different people:
1. a lawyer who works 100 hours/week flirting with a heart attack and earns $480,930
2. a small business owner who sells their plumbing co after 4 decades and earns $480,930 from the sale, but never broke six figures before
3. a retiree who sits on the couch 24/7 and earns $480,930 in passive dividends
4. a professional of some kind who works 20 hours/week in a low stress job and earns $480,930
The press likes to talk about these data points, and it's valuable information, but ultimately income tells a very small piece of the story. Source of income, job security, cost of living, and quality of life all matter a lot too.
Re: The top 1% of the US makes $480k or more in adjusted gross income
#10Earlier quoted context omitted.
Given the number of muni debt isn't going down - someone must be owning it. I personally sold my munis after realizing I'm paying AMT on most of the bonds anyway so wasn't tax free for me.
What did you buy instead, if I may ask?
At the time stocks, now I'm selling those too and paying down the mortgage. There arent many bargains out there.