More Rich Stats

[Max Sawicky]

Citizens for Tax Justice says 8.1% of tax
returns show income over $100,000.  As noted
above, many don't have to file returns (there's
about 120 million a year total).  

Of course, many returns are for households that
include additional earners and dependents.

Brad the Acorn Gatherer asked:

Do we know where the top of the fourth family
income quintile was for two-adult households
aged 40-49?

The answer is still no, but this gets a
little closer--

The average 'family economic income' for
"families age 40-50" in the
70-80 percentiles (e.g., the eighth decile)
was $54,722 in 1994 (Gale, Houser, Scholz)
Without the imputations in FEI, this would
of course be lower.

Ordinarily I wouldn't be so informative to the list,
but I'm working with these numbers right now.

mbs