The One Percenters

 

1 percentTalking to a friend today and the concept of the 1% came up.

Who are the 1%:

  • Roughly 80 percent of millionaires in America are the first generation of their family to be rich.
  • Roughly a third were entrepreneurs or managers of nonfinancial businesses.
  • Nearly 16 percent were doctors or other medical professionals.
  • NYU sociologist Dalton Conley says that “higher-income folks work more hours than lower-wage earners do.”
  • The top 1 percent pay 36.7 percent of all federal income taxes
  • They earn just 16 percent of all income

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