Share Of Income Of Top 1

The rising income share of the 1 has become a hot issue but some observers believe this focus actually misses much of the story of rising income inequality.

Share of income of top 1. 236 000 is required to be in the top 0 5 and nearly 650 000 to be in the top 0 1. The top 1 percent of u s. To be in the top 1 of income tax payers in the uk i e. Residents now earn 21 percent of total national income up from 10 percent in 1979.

Data are based on primary household survey data obtained from government statistical agencies and world bank country departments. Country of income of the richest 1 albania 9 1 australia 6 4 austria 8 2 bahrain 18 0 belgium 6 7 bosnia and herzegovina 6 2 brazil 28 4 bulgaria 8 4 canada 13 6 chile 23 7 china 13 9 colombia 20 4 croatia 7 6 cyprus 8 6 czech republic 9 5 ivory coast 17 1 denmark 12 8. Income share held by highest 10 world bank development research group. 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.

All of our world in data is completely open access and all work is licensed under the creative commons by license you have the permission to use distribute and reproduce in any medium provided the source and authors are credited. New data shows income of top 1 has grown 100 times faster than bottom 50 since 1970 meanwhile working people are taking home just 8 000 more per year than they did in 1970. To be among the 310 000 individuals with the highest income a taxable income of at least 160 000 is required. 43 of adults pay no income tax and to be in the top 1 of all adults or the top.

As well as looking at the top 1 of earners they argue we should also look at an even smaller segment the top 0 1 of earners 1 in 1 000 and even the top 0 01 of earners 1 in. By 2010 the top 1 percent s share had increased enormously while shares for both other groups fell.