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Originally Posted by LaunchHard
That top 1% have annual incomes of over 10 million dollars.
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Actually the cutoff to be in the top 1% is $295,495. You would be right to say that if you make $10m per year you are in the top 1%, but you cannot say that the top 1% have annual incomes over $10m. Take a look at the link I posted. Here it is again:
http://www.taxfoundation.org/news/show/250.html Take some time to read through and understand the tables that are listed. There's some revealing information there.