What are the income quintiles?
In social statistics, income quintile groups are computed on the basis of the total equivalised disposable income attributed to each member of the household. The data (of each person) are ordered according to the value of the total equivalised disposable income.
What percentage of total income did the top 5 of income earners earn in 2014?
Reported Income and Taxes Paid Both Increased Significantly in 2014
| Top 1% | Top 5% | |
|---|---|---|
| Share of Total Adjusted Gross Income | 20.58% | 35.96% |
| Income Taxes Paid ($ millions) | $542,640 | $824,153 |
| Share of Total Income Taxes Paid | 39.48% | 59.97% |
| Income Split Point | $465,626 | $188,996 |
What is the distribution of household income in the US?
Percentage distribution of household income in the U.S. in 2019
| Annual household income in U.S. dollars | Percentage of U.S. households |
|---|---|
| 75,000 to 99,999 | 12.3% |
| 100,000 to 149,999 | 15.5% |
| 150,000 to 199,999 | 8.3% |
| 200,000 and over | 10.3% |
How do you read income quintiles?
The first quintile is the lowest fifth or 20%, the second quintile is the next lowest, and so on. Income inequality can be measured by comparing what share of the total income is earned by each quintile.
What was the distribution of household income in 2014?
CBO has analyzed the distribution of household income and federal taxes on a recurring basis for more than 30 years. For this report, the agency focused on the distribution of household income in 2014 because that is the most recent year for which relevant data were available when the analysis began.
What was the percentage of income that went to the highest quintile?
Less than 4 percent of means-tested transfers went to households in the highest quintile, which amounted to less than one-half of one percent of income for those households. Households in all quintiles have some form of federal tax burden, but high-income households paid the majority of federal taxes in 2016.
How is income distributed in the United States?
In 2014, household income was unevenly distributed: Households at the top of the income distribution received significantly more income than households at the bottom of the distribution. According to CBO’s estimates:
What was the percentage of Quintiles in the US in 1970?
This statistic shows the shares of household income of quintiles in the United States from 1970 to 2019. About 51.9 percent of the household income of private households in the U.S. were earned by the highest quintile in 2019, which are the upper 20 percent of the workers.
