Just 11 people in the U.S. earned an average of over $1 billion a year, from 2015 to 2018, including Microsoft co-founder Bill Gates, Bloomberg co-founder Michael Bloomberg, and WhatsApp co-founder Jan Koum. But a considerably higher number of people land in the millionaire club.
– Total tax returns filed: 2,872,240 – Returns with an adjusted gross income of $1M or more: 11,020 – Rate of $1M+ earners: 38.4 out of 10,000 returns
– Total tax returns filed: 3,757,740 – Returns with an adjusted gross income of $1M or more: 15,890 – Rate of $1M+ earners: 42.3 out of 10,000 returns
– Total tax returns filed: 10,636,690 – Returns with an adjusted gross income of $1M or more: 46,200 – Rate of $1M+ earners: 43.4 out of 10,000 returns
– Total tax returns filed: 18,638,920 – Returns with an adjusted gross income of $1M or more: 94,120 – Rate of $1M+ earners: 50.5 out of 10,000 returns
– Total tax returns filed: 9,760,870 – Returns with an adjusted gross income of $1M or more: 55,100 – Rate of $1M+ earners: 56.4 out of 10,000 returns
– Total tax returns filed: 351,550 – Returns with an adjusted gross income of $1M or more: 2,530 – Rate of $1M+ earners: 72.0 out of 10,000 returns