Im still trying to figure out what PurpleK meant by the following=
I would say I'm doing alright. Age 27 and my salary after bonus puts me in the top 2% on an average year and top 1% in a good year.
Im absolutely certain he is not talking about 1% or 2% of the nation. Maybe his zipcode?
Through God all things can happen!
“You never fail until you stop trying.”
― Albert Einstein
When I was young, I used to admire intelligent people;as I grow older, I admire kind people.
“Just keep swimming, just keep swimming.”
I suppose its possible he's in the top 1% or 2% nationwide.
The 98th percentile for Individual filers is $143,705 in annual income. It's important to remember that figure includes all forms of income (not just wages).
A Big 4 all star can probably pull down $143,705 a year by 27, especially if they're in consulting.
Sorry I wasn't clear. Top 1 to 2% of the nation for individuals based on the 2013 census. For quick reference you can use the 2011 chart provided by the Tax Policy Center (https://taxpolicycenter.org/numbers/displayatab.cfm?DocID=2970), which is similar and easier to read.
For households, somewhere in the 7-8% since I am single. The linked chart unfortunately does not define all tax units the same way as the census does for households, so the numbers vary a bit.
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