To determine how much you need to make to be in the 1% in every state, 24/7 Wall St. reviewed adjusted gross income percentile data for the 2017 tax year from the IRS. We also calculated the average incomes and average income taxes for earners in the top 1% using total adjusted gross income, total federal income taxes, and number of returns data from the IRS.
All income data was adjusted for inflation using consumer price index data for 2017 and 2019 from the U.S. Bureau of Labor Statistics.
Supplemental data on median income for all earners 16 and over, the percentage of adults with at least a bachelor’s degree, and the poverty rate came from the U.S. Census Bureau’s 2018 American Community Survey.
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