All boats rose in 2006
According to an article by DAVID CAY JOHNSTON of the New York Times, Americans enjoyed higher average income in 2006 for the first time since 2000, when the last economic expansion ended, the latest tax data show.
Adjusted gross income reported on tax returns in 2006 averaged $58,029. In 2006 dollars that was an increase of $739, or 1.2 percent, from the $57,289 average in 2000, analysis of Internal Revenue Service data showed.
In 2006, the median annual household income was $48,201.00 according to the Census Bureau.[3] ... there were approximately 116,011,000 households in the United States. 19.26% of all households had annual incomes exceeding $100,000,[5] 12.3% fell below the federal poverty threshold[6] and the bottom 20% earned less than $19,178.
Income increases did not occur uniformly across the different income strata. Overall, there are 1,699,000 (1.50%) households in the U.S. who earn $250,000 or more while there are 2,566,00 households that earn less than $2,500 per year.
Adjusted gross income reported on tax returns in 2006 averaged $58,029. In 2006 dollars that was an increase of $739, or 1.2 percent, from the $57,289 average in 2000, analysis of Internal Revenue Service data showed.
In 2006, the median annual household income was $48,201.00 according to the Census Bureau.[3] ... there were approximately 116,011,000 households in the United States. 19.26% of all households had annual incomes exceeding $100,000,[5] 12.3% fell below the federal poverty threshold[6] and the bottom 20% earned less than $19,178.
Income increases did not occur uniformly across the different income strata. Overall, there are 1,699,000 (1.50%) households in the U.S. who earn $250,000 or more while there are 2,566,00 households that earn less than $2,500 per year.
Labels: Economics in Action
posted by The Experts @ 5:38 PM
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