Table 2.4
Sources of pretax comprehensive income, by income group, 2007 (2011 dollars)
| Income fifth | Breakdown of top 10% | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Bottom | Second | Middle | Fourth | Top | 90th–<95th percentile | 95th–<99th percentile | Top 1 percent | Average all households | |
| Households (millions) | 24.6 | 22.2 | 22.9 | 23.0 | 23.7 | 6.0 | 4.7 | 1.2 | 116.88 (Total) |
| Share of total pretax income | |||||||||
| Wages | 50.5% | 59.3% | 60.5% | 63.2% | 48.4% | 61.8% | 55.6% | 26.7% | 54.3% |
| Proprietors’ income | 6.0 | 2.6 | 1.9 | 1.6 | 2.6 | 2.8 | 4.8 | 1.6 | 2.4 |
| Other business income | 0.1 | 0.6 | 0.9 | 1.1 | 8.2 | 3.3 | 7.3 | 15.5 | 4.6 |
| Interest and dividends | 1.0 | 1.2 | 1.9 | 2.6 | 7.6 | 5.0 | 7.1 | 12.1 | 5.2 |
| Capital gains | 0.3 | 0.4 | 0.6 | 1.1 | 13.8 | 3.8 | 6.3 | 31.3 | 8.1 |
| Pensions | 1.9 | 4.1 | 7.1 | 8.2 | 5.2 | 7.6 | 5.9 | 1.1 | 5.8 |
| Cash transfers | 20.3 | 12.2 | 9.6 | 6.6 | 2.3 | 3.3 | 2.3 | 0.4 | 5.7 |
| In-kind income | 15.4 | 13.1 | 11.1 | 8.7 | 3.6 | 5.2 | 3.5 | 0.6 | 6.9 |
| Imputed taxes | 4.4 | 5.1 | 5.3 | 5.7 | 7.3 | 6.5 | 6.0 | 9.5 | 6.5 |
| Other income | 0.2 | 1.4 | 1.2 | 1.2 | 1.2 | 1.2 | 1.0 | 1.3 | 0.6 |
| Total | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 |
| Average | |||||||||
| Wages | $10,082 | $27,346 | $42,341 | $64,528 | $139,009 | $121,552 | $174,477 | $542,615 | $56,561 |
| Proprietors’ income | 1,198 | 1,199 | 1,330 | 1,634 | 7,467 | 5,511 | 15,008 | 32,516 | 2,500 |
| Other business income | 20 | 277 | 630 | 1,123 | 23,551 | 6,580 | 22,803 | 315,001 | 4,792 |
| Interest and dividends | 200 | 553 | 1,330 | 2,655 | 21,828 | 9,890 | 22,130 | 245,904 | 5,416 |
| Capital gains | 60 | 184 | 420 | 1,123 | 39,635 | 7,451 | 19,908 | 636,099 | 8,437 |
| Pensions | 379 | 1,891 | 4,969 | 8,372 | 14,935 | 15,047 | 18,435 | 22,355 | 6,041 |
| Cash transfers | 4,053 | 5,626 | 6,719 | 6,739 | 6,606 | 6,410 | 7,082 | 8,129 | 5,937 |
| In-kind income | $3,075 | $6,041 | $7,768 | $8,883 | $10,339 | $10,138 | $11,039 | $12,194 | $7,187 |
| Imputed taxes | 878 | 2,352 | 3,709 | 5,820 | 20,966 | 12,745 | 18,971 | 193,065 | 6,771 |
| Other income | 40 | 646 | 840 | 1,225 | 3,446 | 2,362 | 3,245 | 26,419 | 625 |
| Total | 19,965 | 46,114 | 69,985 | 102,102 | 287,208 | 196,838 | 313,616 | 2,032,265 | 104,163 |
| Shares of total income categories claimed by each group | |||||||||
| Wages | 3.8% | 9.2% | 14.7% | 22.5% | 49.9% | 11.0% | 12.4% | 9.9% | 100.0% |
| Proprietors’ income | 9.8 | 8.8 | 10.1 | 12.5 | 58.8 | 11.0 | 23.4 | 13.0 | 100.0 |
| Other business income | 0.1 | 1.0 | 2.4 | 4.3 | 92.3 | 6.5 | 17.7 | 62.5 | 100.0 |
| Interest and dividends | 0.8 | 2.0 | 4.9 | 9.8 | 82.6 | 9.5 | 16.6 | 47.1 | 100.0 |
| Capital gains | 0.2 | 0.4 | 1.0 | 2.6 | 95.8 | 4.6 | 9.5 | 77.9 | 100.0 |
| Pensions | 1.3 | 5.9 | 16.0 | 27.1 | 49.7 | 12.7 | 12.2 | 3.8 | 100.0 |
| Cash transfers | 14.4 | 18.1 | 22.3 | 22.5 | 22.7 | 5.6 | 4.8 | 1.4 | 100.0 |
| In-kind income | 9.0 | 16.0 | 21.3 | 24.4 | 29.3 | 7.3 | 6.2 | 1.7 | 100.0 |
| Imputed taxes | 2.7 | 6.6 | 10.8 | 17.0 | 62.9 | 9.7 | 11.3 | 29.3 | 100.0 |
| Other income | 0.7 | 9.9 | 13.3 | 19.5 | 56.6 | 9.8 | 10.6 | 22.0 | 100.0 |
| Average | 4.0 | 8.3 | 13.1 | 19.1 | 55.5 | 9.6 | 12.0 | 19.9 | 100.0 |
Source: Authors' analysis of Congressional Budget Office (2010a)
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