When you hear the words top 1% earners, do you immediately think of those dreaded billionaires, the people with $40 billion in their company’s stock?
Today being in the top one percent of earners has become a negative. Somehow these folks are the bad guys in society taking income from the rest of us.
More to the truth is that 1% earners are college professors and top administrators, football coaches, bloggers (not this one, however) doctors, athletes, politicians, some union leaders, even the US president (any president).
To earn in the top 1% in the US your income must be $421,926 a year, but that varies widely by state. In Mississippi you need $254,362.
The national average income for the 1% is only 6.9 times the US median household income. Sure, some people in the 1% earn way more than the average, but those few just pull it up.
The point is that overall 1% earners in the US are not greedy, despicable opportunists seeking to hold down the middle class as some politicians would have you believe.