I'm glad you changed your comment. You originally said the average AGI was $699k
,while the reference you gave said that this was the "AGI floor on the percentil
e", a very different number. The number for the "average" is actually all over t
he map from different sources, but usually above $1million, the WID that I use
has about $1.5million in 2014. Of course the number itself is not very important
, since the point i was making here is that people in this percentile have much
more "extra money". I doubt you disagree with that point?
Also, note that using the AGI is not very accurate, since much of the
the increase in wealth of the top 1% comes from capital gains, royalties, etc. t
hat are not taxed in the same way (or even at all). Thanks for you comments.