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Wealth
Distribution
In
the
United States
, wealth is highly concentrated in a relatively few hands. As of 2007, the
top 1% of households (the upper class) owned 34.6% of all privately held
wealth, and the next 19% (the managerial, professional, and small business
stratum) had 50.5%, which means that just 20% of the people owned a
remarkable 85%, leaving only 15% of the wealth for the bottom 80% (wage
and salary workers). In terms of financial wealth (total net worth minus
the value of one's home), the top 1% of households had an even greater
share: 42.7%. Table 1 and Figure 1 present further details drawn from the
careful work of economist Edward N. Wolff at
New York
University
(2009).
Table
1T: Distribution of net worth and financial wealth in the United States,
1983-2007
More at http://sociology.ucsc.edu/whorulesamerica/power/wealth.html
2009 Forbes 793 billionaires
http://www.forbes.com/2009/03/11/worlds-richest-people-billionaires-2009-billionaires-intro.html
******
Billionaires
That's 25 out of 1,125 billionaires
worldwide. The world's billionaires had a total net worth of $4.4 trillion
US. That's more than
Germany
's GDP. Remember, we're talking about just 1,125 people here.
Canada
's share of the billionaire booty: $88.4 billion US.
In Depth Wealth
Canada
's super-rich Last Updated March
6, 2008 CBC News
http://www.cbc.ca/news/background/wealth/index.html
Wealthiest
Americans Have Reduced Charitable Contributions 70% Since 1998-2000 Period
Donations
Average
6 Percent of Annual Income
Published on
Jun 30, 2005 - 7:21:00 AM
Represented
6.1 percent of annual income.
$5
million or more net worth
By: Spectrem
Group
The wealthiest
aren't giving nearly as much these days.
Charitable contributions from
U.S.
households with a net worth of $5 million or more, excluding primary
residence, fell 70% from an average of $600,000 for the 3-year period
1998-2000 to $180,000 for the period 2002-2004, according to a new report
from Spectrem Group released today. The average contribution for the most
recent single year represented 6.1 percent of annual income.
The wealthiest segments showed the smallest
percentage declines in giving, according to the Spectrem Perspective (TM)
report "Charitable Giving and the Affluent Market." Households
with a net worth of more than $25 million, excluding primary residence,
saw their average donation decline 38% from 1998- 2000 to 2002-2004. Those
with a net worth of $10 million to $25 million, also excluding primary
residence, reduced giving by 79% over the period, and donations by the $5
million to $10 million group fell 93% on average.
"When the stock market began to crumble in
2000 as the Internet boom ended, the wealthy substantially cut back their
charitable giving. While the market has regained most of those losses, our
new data show that donations from wealthy households as a whole continued
to fall. In fact, the only segment that showed any recovery in charitable
giving from levels seen in 2000-2002 is households with a net worth of
more than $25 million. And even those households remain far below their
1998-2000 giving levels," said Catherine S. McBreen, Managing
Director of Spectrem Group.
The average charitable contribution for the much
broader category of affluent households, those with more than $500,000 in
investable assets, was $7,748 for the single year 2004. This represents
6.0% of annual income.
The report "Charitable Giving and the Affluent
Market" is based on a Spectrem Group survey of affluent households as
well as Spectrem Group's 2005 Ultra High Net Worth Study. The UHNW study
was conducted in the spring of 2005, generating 500 responses to a mail
survey of households with a net worth of $5 million or more, excluding
primary residence. The UNHW data have a margin of error of plus or minus
4.4 percentage points http://www.yubanet.com/life/Wealthiest_Americans_Have_Reduced_Charitable_Contr_22346.php
National
Debt by Presidents
http://zfacts.com/p/318.html
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National Debt Graph: Bush Goes for WWII Stimulus
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image below to enlarge. |
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History of Federal Individual Income Bottom and Top
Bracket Rates
Historical Income Tax Rates & Brackets
http://www.ntu.org/tax-basics/history-of-federal-individual-1.html
| |
Tax Rates 1
|
|
Bottom bracket
|
Top bracket
|
|
Calendar Year
|
Rate
(percent)
|
Taxable Income Up to
|
Rate
(percent)
|
Taxable
Income over
|
|
1913-15
|
1
|
20,000
|
7
|
500,000
|
|
1916
|
2
|
20,000
|
15
|
2,000,000
|
|
1917
|
2
|
2,000
|
67
|
2,000,000
|
|
1918
|
6
|
4,000
|
77
|
1,000,000
|
|
1919-20
|
4
|
4,000
|
73
|
1,000,000
|
|
1921
|
4
|
4,000
|
73
|
1,000,000
|
|
1922
|
4
|
4,000
|
56
|
200,000
|
|
1923
|
3
|
4,000
|
56
|
200,000
|
|
1924
|
2
1.5
|
4,000
|
46
|
500,000
|
|
1925-28
|
2
1?
|
4,000
|
25
|
100,000
|
|
1929
|
2
4?
|
4,000
|
24
|
100,000
|
|
1930-31
|
2
1?
|
4,000
|
25
|
100,000
|
|
1932-33
|
4
|
4,000
|
63
|
1,000,000
|
|
1934-35
|
3
4
|
4,000
|
63
|
1,000,000
|
|
1936-39
|
3
4
|
4,000
|
79
|
5,000,000
|
|
1940
|
3
4.4
|
4,000
|
81.1
|
5,000,000
|
|
1941
|
3
10
|
2,000
|
81
|
5,000,000
|
|
1942-434
|
3
19
|
2,000
|
88
|
200,000
|
|
1944-45
|
23
|
2,000
|
5
94
|
200,000
|
|
1946-47
|
19
|
2,000
|
5
86.45
|
200,000
|
|
1948-49
|
16.6
|
4,000
|
5
82.13
|
400,000
|
|
1950
|
17.4
|
4,000
|
5
91
|
400,000
|
|
1951
|
20.4
|
4,000
|
5
91
|
400,000
|
|
1952-53
|
22.2
|
4,000
|
5
92
|
400,000
|
|
1954-63
|
20
|
4,000
|
5
91
|
400,000
|
|
1964
|
16
|
1,000
|
77
|
400,000
|
|
1965-67
|
14
|
1,000
|
70
|
200,000
|
|
1968
|
14
|
1,000
|
6
75.25
|
200,000
|
|
1969
|
14
|
1,000
|
6
77
|
200,000
|
|
1970
|
14
|
1,000
|
6
71.75
|
200,000
|
|
1971
|
14
|
1,000
|
7
70
|
200,000
|
|
1972-78
|
814
|
1,000
|
7
70
|
200,000
|
|
1979-80
|
814
|
2,100
|
7
70
|
212,000
|
|
1981
|
8
9
13.825
|
2,100
|
7
9
69.125
|
212,000
|
|
1982
|
8
12
|
2,100
|
50
|
106,000
|
|
1983
|
8
11
|
2,100
|
50
|
106,000
|
|
1984
|
8
11
|
2,100
|
50
|
159,000
|
|
1985
|
8
11
|
2,180
|
50
|
165,480
|
|
1986
|
8
11
|
2,270
|
50
|
171,580
|
|
1987
|
8
11
|
3,000
|
38.5
|
90,000
|
|
1988
|
8
15
|
29,750
|
1028
|
29,750
|
|
1989
|
8
15
|
30,950
|
1028
|
30,950
|
|
1990
|
8
15
|
32,450
|
1028
|
32,450
|
|
1991
|
8
15
|
34,000
|
31
|
82,150
|
|
1992
|
8
15
|
35,800
|
31
|
86,500
|
|
1993
|
8
15
|
36,900
|
39.6
|
250,000
|
|
1994
|
8
15
|
38,000
|
39.6
|
250,000
|
|
1995
|
8
15
|
39,000
|
39.6
|
256,500
|
|
1996
|
8
15
|
40,100
|
39.6
|
263,750
|
|
1997
|
8
15
|
41,200
|
39.6
|
271,050
|
|
1998
|
8
15
|
42,350
|
39.6
|
278,450
|
|
1999
|
8
15
|
43,050
|
39.6
|
283,150
|
|
2000
|
8
15
|
43,850
|
39.6
|
288,350
|
| 2001 |
8
15 |
45,200 |
39.1 |
297,350 |
| 2002 |
8
10 |
12,000 |
38.6 |
307,050 |
| 200311 |
8
10 |
14,000 |
35.0 |
311,950 |
| 2004 |
8
10 |
14,300 |
35.0 |
319,100 |
| 2005 |
8
10 |
14,600 |
35.0 |
326,450 |
| 2006 |
8
10 |
15,100 |
35.0 |
336,550 |
| 2007 |
8
10 |
15,650 |
35.0 |
349,700 |
| 2008 |
8
10 |
16,050 |
35.0 |
357,700 |
|
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Title Goes Here
Ut wisi enim ad minim
veniam, quis nostrud exerci taion
Title Goes Here
Ut wisi enim ad minim
veniam, quis nostrud exerci taion
Title Goes Here
Ut wisi enim ad minim
veniam, quis nostrud exerci taion
|