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This report is about top 1% of income, not wealth.

To be in the top 1% nationally, you had to have earned $383,000 in 2015.

In some cities that number is as low as $175K, very doable for a doctor or dentist.



Yep and I don't think that is a good measurement.


Of course, some of that is cost of living, but a lot of it is the lack of diversity in the ratings.

I'm sure Elko, Nevada has some doctors, but probably not many investment bankers. With less representation from other well-remunerated occupations, a doctor in Elko is likely to be in the top 1%; however, a similar doctor in Manhattan probably isn't.


That $383K is very likely a household income (or tax return AGI, which is a close proxy for household) figure, not an individual income figure.


Yes, it's household income, not individual.




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