How much do you need to earn to be in the 1 percent? According to the IRS, it’s an adjusted gross income—basically, what you make before deductions—of $480,930. The agency’s latest Statistics of Income Bulletin shows that the number in that elite group hit about 1.4 million in 2015, continuing its steady growth since 2009. To make it into the top 0.001%, your AGI must be at least $59,380,503. Just 1,412 American households made that much. |