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Reply to "Where do you draw the line between upper middle class and upper class?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I guarantee you the top 9% of the wealthiest people in the U.S. make more than 300k per year.[/quote] This makes no sense. The 90th percentile for HH incomes is $216K. 300K comes in at around the 95th or 96th percentile. So no, the "top tenth" are not *all* pulling at least 300K. [/quote] Omg you’re regurgitating income breakdowns. I will repeat it again. Wealth is not income. Income is not wealth. The wealthiest top 10% is not the same as the top 10% of taxable incomes (generally the income percentiles online talk about AGI). The top 10% of wealthy Americans have a NW close to $3M. This NW is not directly tied to income. You can be wealthy and not have an income at all. The people earning 300k are not the same people sitting on millions and having academic buildings named after them.[/quote]
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