WHO ARE THE TOP 1%?

We hear about the top 1% all the time. Who are these 1%?

The most frequently represented occupations of taxpayers in the top 1% of US taxpayers, according to IRS data, include: corporate executives, financial professionals, doctors, lawyers and a broad category of occupations that includes technical, scientific, computer, math and engineering jobs.

At $428,713 annual income, a taxpayer makes the cut and is included in the top 1% of income earners. Most of these people should be given medals for their productivity and their contribution to society in the form of all the taxes they pay. The top 1% earned 19% of all the income reported to the IRS (2013) and paid 38% of all federal income taxes.

Thank you!

– Mark S Gleason CPA
www.lakes-cpa.com

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Mark Gleason

7200 France Avenue South
Suite 328
Edina, MN 55435

Tel: 612-861-4542
Fax: 612-524-5491

mark@lakes-cpa.com

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