Monday, December 27, 2010

Self-made American myth #2: Who makes $250K?

Self-made American myth #2: Who makes $250K? | political madness

Any idea what proportion of American families make more than $250,000 a year? Or, to potentially make it easier, any idea what proportion of families in your state make more than $250,000 a year?
Don’t feel bad if you don’t know—most people don’t. The actual number, nationwide is somewhere less than 3% of families earn more than $250,000 a year. What did the survey respondents say when asked this question? The average response was close to 17%!—meaning your typical survey respondent thinks that almost 1 in 5 families in America earn that kind of money, when the answer is closer to 1 in 50!

2 comments:

Jay Bullock said...

I read the other day that the number of US households earning over $250k is approximately equal to the number of US households earning $2,500.

The other 96% of us, we're the "middle class," I guess.

Kevin Scheunemann said...

I'm surprised you posted this.

As you can see, there isn't nearly as many rich people to vilify as progessives think.

That 2-3% pays over 50% of the income taxes.

So how much is too much in taxes to progressives?