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

Posted on 2/22/19 at 7:26 am to
Posted by djangochained
Gardere
Member since Jul 2013
19183 posts
Posted on 2/22/19 at 7:26 am to
Where did I say I was special?
Posted by NfamousPanda
Central
Member since Jan 2016
1206 posts
Posted on 2/22/19 at 7:47 am to
This thread...

Posted by slackster
Houston
Member since Mar 2009
91871 posts
Posted on 2/22/19 at 7:50 am to
quote:

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.


I've got a sneaky suspicion a few folks in this thread are confusing small business revenue with net income.
Posted by ctiger69
Member since May 2005
31030 posts
Posted on 2/22/19 at 8:02 am to
quote:

Alabama

Annual income required to be in the top one percent: $283,899


Average annual income of the top one percent: $665,097




I did not realize Alabama was so poor.
Posted by Aubie Spr96
lolwut?
Member since Dec 2009
44788 posts
Posted on 2/22/19 at 8:07 am to
It's comparable to every other southern state listed except Florida and Georgia for obvious reasons.
Posted by Hammertime
Will trade dowsing rod for titties
Member since Jan 2012
43031 posts
Posted on 2/22/19 at 8:45 am to
I'm a single dude, and if I made that, I'd be one happy camper
Posted by ctiger69
Member since May 2005
31030 posts
Posted on 2/22/19 at 8:51 am to
quote:

It's comparable to every other southern state listed except Florida and Georgia for obvious reasons.


Alabama is well below Louisiana too.

Alabama :

Annual income required to be in the top one percent: $283,899
Average annual income of the top one percent: $665,097


Louisiana:

Annual income required to be in the top one percent: $325,163
Average annual income of the top one percent: $859,619
Posted by helluvaday
Member since Jun 2018
443 posts
Posted on 2/22/19 at 8:58 am to
We would be in the top 1% if we lived in Arkansas and New Mexico. Not where we actually live though. Dammit
Posted by Upperdecker
St. George, LA
Member since Nov 2014
33877 posts
Posted on 2/22/19 at 9:05 am to
I’m not old enough to match the old CEOs and high level admins making that kind of money. But there’s a good chance I’m close to the top for my age
Posted by 6R12
Louisiana
Member since Feb 2005
12266 posts
Posted on 2/22/19 at 9:28 pm to
quote:

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.


Yes I do think so. But OK.
Posted by JohnnyKilroy
Cajun Navy Vice Admiral
Member since Oct 2012
41865 posts
Posted on 2/22/19 at 9:32 pm to
quote:

Yes I do think so. But OK


Well by definition 99% of people don't so.... Yea. Not a lot lol.
Posted by Hopeful Doc
Member since Sep 2010
15388 posts
Posted on 2/22/19 at 9:34 pm to
quote:

$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



Essentially all two-doctor households will clear this if they both work full-time, too.
Posted by 6R12
Louisiana
Member since Feb 2005
12266 posts
Posted on 2/23/19 at 10:46 am to
Maybe I should keep the secret on this? Many small business people earn that amount. I speak with them all the time. We know how much others earn in small business and in fact it's easy to figure it out once you get in business. YOu learn to follow the money trail. I know MANY small business owners taking down that much but only take a smaller salary. It's not that hard if people are willing to WORK HARD for several years.
Posted by KG6
Member since Aug 2009
10920 posts
Posted on 2/23/19 at 1:05 pm to
quote:

Essentially all two-doctor households will clear this if they both work full-time, too.


This must be less than 1% of all households. You know, because statistics.

quote:

I know MANY small business owners taking down that much but only take a smaller salary


My dick is 14" long. See, I can lie on the internet too. I know some, would never say MANY....because I'm not an idiot. And for every 1 I know, I know at least 99 people who don't come close to 300k, so...…..again, statistics be right.
Posted by 6R12
Louisiana
Member since Feb 2005
12266 posts
Posted on 2/23/19 at 4:00 pm to
KG6, I've learned to never to argue with a man who talks about his peter. You be stupid
Posted by Hopeful Doc
Member since Sep 2010
15388 posts
Posted on 2/24/19 at 10:18 am to
quote:

This must be less than 1% of all households. You know, because statistics.



Context of the post wasn't that there are a lot of two-physician households. It was in reply to looking at how lofty an income it is unless (his specific instances). I merely added another one that isn't uncommon in that group.
Posted by 4Ghost
Member since Sep 2016
8565 posts
Posted on 2/24/19 at 11:54 am to
Bet every Senator and Congressman makes over that with all the PAC money they get. Free medical at Bethesda and Walter Reed.
Posted by ccomeaux
LA
Member since Jan 2010
8184 posts
Posted on 2/24/19 at 12:03 pm to
Some years yeah, others not so much
Posted by Antonio Moss
The South
Member since Mar 2006
49575 posts
Posted on 2/24/19 at 12:08 pm to
quote:

Two teachers and a musician’s side income and were halfway to top 1% in Alabama. That doesn’t seem right.


Being squarely in the middle class doesn’t sound right?
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