Us Income Distribution Wikipedia

In 2018 the total personal income earned in the united states was 17 6 trillion.

Us income distribution wikipedia. The bureau of labor statistics reported a median personal income of 865 weekly for all full time workers in 2017. A b us census bureau. Also shown is income distribution of married couple family groups. Us census bureau.

This is a list of countries or dependencies by income inequality metrics including gini coefficients the gini coefficient is a number between 0 and 1 where 0 corresponds with perfect equality where everyone has the same income and 1 corresponds with perfect inequality where one person has all the income and everyone else has no income. If the united states had the same income distribution it had in 1979 the bottom 80 percent of the population would have 1 trillion or 11 000 per family more. 38 median income is the amount which divides the income distribution into two equal groups half having income above that amount and half having income below. Income taxes in the united states are imposed by the federal most states and many local governments the income taxes are determined by applying a tax rate which may increase as income increases to taxable income which is the total income less allowable deductions individuals and corporations are directly taxable and estates and trusts may be taxable on undistributed income.

Income distribution among asian males age 25 according to educational attainment. Archived from the original on may 11 2011. One half 49 98 of all income in the us was earned by households with an income over 100 000 the top twenty percent. Economic theory and economic policy have long seen income and its distribution as a central concern.

Overall the mean household income in the united states according to the us census bureau 2004 economic survey was 60 528 or 17 210 39 73 higher than the median household income. The top 1 percent would have 1 trillion or 750 000 less. In economics income distribution covers how a country s total gdp is distributed amongst its population. 28 of female parent single parent families have an income of at least 50 000 a year vs.

Classical economists such as adam smith 1723 1790 thomas malthus 1766 1834 and david ricardo 1772 1823 concentrated their attention on factor income distribution that is the. Census bureau lists the annual median personal income at 33 706 in 2018. Retrieved june 22 2007. United states single parent family income distribution by sex of parent.

Income distribution among hispanic females age 25 according to educational attainment. In 2008 all households in the united states earned roughly 12 442 2 billion. Personal income is an individual s total earnings from wages investment interest and other sources. 47 for male parent single parent families and 71 for married couple families.