Jump to content

  • 3
TheWorldNewsOrg

How much money you need to be part of the 1% worldwide?

Question

5 answers to this question

Recommended Posts

  • 1

According to the 2018 Global Wealth Report from Credit Suisse Research Institute, you need a net worth of $871,320 U.S. Credit Suisse defines net worth, or "wealth," as "the value of financial assets plus real assets (principally housing) owned by households, minus their debts."

More than 19 million Americans are in the 1 percent worldwide, Credit Suisse reports, far more than from any other country, while "China is now clearly established in second place in the world wealth hierarchy," with 4.2 million citizens among the world's top 1 percent.

 

To be among the top 10 percent worldwide, you don't even need six figures: A net worth of $93,170 will do it.

And even if you have just $4,210 to your name, you're still richer than half of the world's residents.

  • Thanks 1

Share this post


Link to post
Share on other sites

  • 1
18 hours ago, TheWorldNewsOrg said:

I guess I would call this the "Upper-class"

Screen Shot 2018-12-02 at 10.18.14 AM.png

image.png

image.png

image.png

image.png

image.png

  • Like 1
  • Upvote 1

Share this post


Link to post
Share on other sites
  • 1

Make America Great Again!?!?!?!

These were the US IRS Tax Brackets the year I was born: 1957. (See way down below.) It was the tax rate paid by my parents and the rest of the so-called "Greatest Generation." A person who made a Billion dollars in one year (with "windfall" exceptions) could keep $100 Million of it. Today, most persons who happen to make a billion dollars in one year can pay a million of it to a tax attorney and may then end up paying between $0 and $10 Million, keeping about $990 Million (99%). Yet, for some reason businessmen back in the 1950's ended up investing even more of what they kept into further investment in their companies, increasing benefits for workers, etc. Now the highest percentage is spent on maintaining their grip on their money, finding ways to take even more from employees, lobbying for lower taxes and harsher labor laws for workers, making sure their own families maintain control, and luxury expenditures (such as jets, yachts, personal real estate). And a percentage invariably goes to "philanthropy" as a method of controlling the potential public outcry against the new status quo.

Tax Bracket Tax Rate
$0.00+ 20%
$4,000.00+ 22%
$8,000.00+ 26%
$12,000.00+ 30%
$16,000.00+ 34%
$20,000.00+ 38%
$24,000.00+ 43%
$28,000.00+ 47%
$32,000.00+ 50%
$36,000.00+ 53%
$40,000.00+ 56%
$44,000.00+ 59%
$52,000.00+ 62%
$64,000.00+ 65%
$76,000.00+ 69%
$88,000.00+ 72%
$100,000.00+ 75%
$120,000.00+ 78%
$140,000.00+ 81%
$160,000.00+ 84%
$180,000.00+ 87%
$200,000.00+ 89%
$300,000.00+ 90%
$400,000.00+ 91%

Share this post


Link to post
Share on other sites
  • 0

Sign on a mahogany plaque somewhere ;

"You can never be too thin, or too rich"

The helicopter I want costs 8 million dollars.

Currently, I could not afford the gas for it.

  • Haha 1

Share this post


Link to post
Share on other sites
  • 0

Some people enjoy their money too much they tend to be careless (at least the Sunglasses didn't suffer from the impact)

And the debt clock continues to rise, and rise, and rise, and rise... and rise some more: http://www.usdebtclock.org/

giphy.gif

  • Like 1
  • Haha 1

Share this post


Link to post
Share on other sites

Your content will need to be approved by a moderator

Guest
You are commenting as a guest. If you have an account, please sign in.
Answer this question...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...




×

Important Information

Terms of Service Confirmation