As Hamilton Nolan at Gawker put it, "'Sure, it's an objectively large sum of money,' they say. 'But it is far smaller after I spend it.'"
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- I wonder where the income cutoff is between being in the 1% and the 99%.Mar 5, 2012
- According to a blog on the WSJ "An annual salary above $506,000 puts you in the top 1%, while you need to make less than $2,500 a year to be in the bottom 1%"Mar 5, 2012
- Mar 5, 2012
- I took it from http://blogs.wsj.com/economics/2011/10/19/what-percent-are-you/ which was also posted Oct last year. Not sure their source. And yes, at that point it's not that different. Fun to play with the calculator though!Mar 5, 2012
- According to XKCD - http://xkcd.com/980/huge/#x=-1460&y=-7046&z=5 - it's 822k which comes from the Tax Policy Center, confirmed by a couple others. 515K is the middle of the 99th.
And to be in the bottom 1% you have to make less than 2.5k a year. Even I'm not down there.Mar 5, 2012