Households making between $250K and $1M a year are not ‘middle class’ | Economic Policy Institute

Households making between $250K and $1M a year are not ‘middle class’ | Economic Policy Institute

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The figure below shows the distribution of tax filers by adjusted gross income. First, it illustrates where most taxpayers—i.e. the middle class—lie on the income distribution; according to IRS data, over 87 percent of taxpayers make less than $100,000 in adjusted gross income. Second, it shows just how far removed individuals making just under $1 million—which is more income than roughly 99.5 percent of Americans and nearly 20 times the average household—are from the middle class.