Sunday, December 11, 2011

What Annual Income Level Constitutes Being Rich?

According to a Gallup poll over 50% of Americans polled, think the annual salary that makes one "rich" is $150,000...evidently many of those polled don't live in high-tax, high-cost jurisdictions like Los Angeles/

Per the Tax Policy Center's calculations on income distribution, a household earning cash income of $150,000 would fall somewhere between the 89th and 90th percentiles. In other words, the typical American believes anyone in about the top tenth of the income distribution counts as "rich."


J.Richmore said...

I think having a six digit annual income constitutes being rich. Exceeding that, one will be wealthy without a doubt.
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