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  2. Here's what it takes to be in the top 1% in your state — plus ...

    www.aol.com/finance/heres-takes-top-1-state...

    Connecticut has the highest threshold required to be considered among the top 1% of earners, at $1.15 million. Massachusetts and California residents require an annual income of $1.11 million and ...

  3. Kiva (organization) - Wikipedia

    en.wikipedia.org/wiki/Kiva_(organization)

    These organizations are charged fees by Kiva and borrowers pay interest on most loans. [8] Kiva is supported by grants, loans, and donations from its users, corporations, and national institutions. [9] Since 2005, Kiva has crowd-funded more than 1.6 million loans, totaling over $1.68 billion, [4] with a repayment rate of 96.3 percent. [4]

  4. Taxation in California - Wikipedia

    en.wikipedia.org/wiki/Taxation_in_California

    There is an additional 1% tax (the California Mental Health Services Act tax) if your taxable income is more than $1,000,000, which results in a top income tax rate of 13.3% in California which is the highest statewide income tax rate in the United States. [42] The standard deduction is $4,601 for 2020. [43]

  5. American upper class - Wikipedia

    en.wikipedia.org/wiki/American_upper_class

    One 2009 empirical analysis analyzed an estimated 15–27% of the individuals in the top 0.1% of ... Top 5 states by high net worth ... a non-profit organization ...

  6. Economy of California - Wikipedia

    en.wikipedia.org/wiki/Economy_of_California

    State and local tax and fee collections in California (2011) were $268.224 billion plus another $75.875 billion in federal transfers were spent by state and local government agencies. [52] California in 2010, when measured as a percentage of GDP, had the 4th highest tax burden of all the fifty states at 13.4% of the state GDP. [53]

  7. Private foundation (United States) - Wikipedia

    en.wikipedia.org/wiki/Private_foundation_(United...

    Until 1969, the term private foundation was not defined in the United States Internal Revenue Code.Since then, every U.S. charity that qualifies under Section 501(c)(3) of the Internal Revenue Service Code as tax-exempt is a "private foundation" unless it demonstrates to the IRS that it falls into another category such as public charity.

  8. Tax policy and economic inequality in the United States

    en.wikipedia.org/wiki/Tax_policy_and_economic...

    The percentage share of total income owned by the top 1% fell to 16% during the post-9/11 recession but then re-rose to its 1998 level by 2008. In 2008, the wealth gap in terms of percentage of total income in the United States between the top 1% and 5% was 7% and the gap between the top 1% and top 10% was 9%.

  9. Affluence in the United States - Wikipedia

    en.wikipedia.org/wiki/Affluence_in_the_United_States

    After the Great Recession which started in 2007, the share of total wealth owned by the top 1% of the population grew from 34.6% to 37.1%, and that owned by the top 20% of Americans grew from 85% to 87.7%. The Great Recession also caused a drop of 36.1% in median household wealth but a drop of only 11.1% for the top 1%. [55] [53]