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re: How much you need to earn to be in the top 1% of your state

Posted on 2/21/19 at 10:18 pm to
Posted by CaptainJ47
Gonzales
Member since Nov 2007
7861 posts
Posted on 2/21/19 at 10:18 pm to
Is this W2 or does this include stock option packages as well?
Posted by 6R12
Louisiana
Member since Feb 2005
12266 posts
Posted on 2/21/19 at 10:24 pm to
I think this is based on SALARY of these people, not the total their business makes. Otherwise a lot of people can make the 300K plus to be in that category as a small business owner.
Posted by Dandy Lion
Member since Feb 2010
51408 posts
Posted on 2/21/19 at 10:49 pm to
Delaware surprised me. I guess you needn't claim residence.
Posted by IllegalPete
Front Range
Member since Oct 2017
7182 posts
Posted on 2/21/19 at 11:07 pm to
quote:

Louisiana

Annual income required to be in the top one percent: $325,163


So, about $350k?

Baw stat checks out.
Posted by IllegalPete
Front Range
Member since Oct 2017
7182 posts
Posted on 2/21/19 at 11:09 pm to
:sadbanana:
This post was edited on 2/21/19 at 11:15 pm
Posted by luvdatigahs
Alameda, CA
Member since Sep 2008
3106 posts
Posted on 2/21/19 at 11:14 pm to
That’s why it’s top 1%, there are 99% of the population that don’t make that. I’m sure in the ot the number that make that much would be 50% at least
Posted by Hopeful Doc
Member since Sep 2010
15388 posts
Posted on 2/21/19 at 11:19 pm to
quote:


Average annual income of the top one percent: $859,619



I feel bad. My wife and I are dragging this down a little bit.
Sorry to the rest of you folks in this group.
Posted by GREENHEAD22
Member since Nov 2009
21022 posts
Posted on 2/21/19 at 11:31 pm to
I wouldn't have thought Louisiana was near that high.
Posted by MrLSU
Yellowstone, Val d'isere
Member since Jan 2004
30070 posts
Posted on 2/21/19 at 11:56 pm to
quote:

Interesting. Wife and I skirt into there. I certainly don't feel capable of living a "rich" lifestyle.


I feel the same way. I'm comfortable but don't live a lifestyle I would consider extravagant. Plus the more money you make the more expenses you have so it all balances out.
Posted by CarRamrod
Spurbury, VT
Member since Dec 2006
58613 posts
Posted on 2/22/19 at 12:02 am to
Looky looky
Posted by beachdude
FL
Member since Nov 2008
6615 posts
Posted on 2/22/19 at 12:12 am to
Bout tree fiddy. (Sorry.)
Posted by mmmmmbeeer
ATL
Member since Nov 2014
10189 posts
Posted on 2/22/19 at 3:11 am to
quote:

, this fricking board man.



1% but like 40% of the posters in this thread claim they make it

$350k a year is a shite ton of money unless you own your own successful business, are one hell of a salesman, or work in high finance. I work for a Fortune 500 company and a senior VP makes right around $200k/yr. You could have a household with a senior VP and a nurse practitioner making $100K/year and still be well outside the top 1%.

Posted by mauser
Orange Beach
Member since Nov 2008
27563 posts
Posted on 2/22/19 at 6:04 am to
Get in front of a new Mercedes and watch closely. When driver starts fricking with cell phone slam on brakes and let then rear end you. Embellish injuries and call Morris Bart. The 1% is waiting for you.
Posted by LSU Neil
Springfield
Member since Feb 2007
3663 posts
Posted on 2/22/19 at 6:17 am to
Gary rossington lives there. Last original Skynyrd member.
Posted by ithad2bme
Houston transplant from B.R.
Member since Sep 2008
3732 posts
Posted on 2/22/19 at 6:28 am to
quote:

You'd think someone in the top 1% wouldn't be this insecure


Meh, if I needed validation I would go buy a fancy foreign car instead of driving my 2012 Tubdra. We put most of our money back into growing our business and planning to retire instead of trying to live like OT ballers.
Posted by Brazos
Member since Oct 2013
20557 posts
Posted on 2/22/19 at 6:48 am to
Well aren’t you special
Posted by slackster
Houston
Member since Mar 2009
91871 posts
Posted on 2/22/19 at 7:04 am to
The OT is the only place in the world where a 1% household income "doesn't feel rich."
Posted by CptRusty
Basket of Deplorables
Member since Aug 2011
11740 posts
Posted on 2/22/19 at 7:06 am to
This thread will be filled with truth.
Posted by slackster
Houston
Member since Mar 2009
91871 posts
Posted on 2/22/19 at 7:07 am to
quote:

Meh, if I needed validation I would go buy a fancy foreign car instead of driving my 2012 Tubdra. We put most of our money back into growing our business and planning to retire instead of trying to live like OT ballers.


That's great. It's just funny to see someone consider annual investment returns as income unless it's realized returns.
This post was edited on 2/22/19 at 7:09 am
Posted by KG6
Member since Aug 2009
10920 posts
Posted on 2/22/19 at 7:24 am to
quote:

I think this is based on SALARY of these people, not the total their business makes. Otherwise a lot of people can make the 300K plus to be in that category as a small business owner


You think a lot of people are clearing 300k of personal income per year? Really? Even most small business owners don't clear that. No one gives a shite if it's salary, hourly, capital gains, gambling wins, etc......income is income.
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