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Top 5% income: $89,000 in Canada, $165,000 in USA

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Newsjock Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-24-07 05:28 PM
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Top 5% income: $89,000 in Canada, $165,000 in USA
Source: CBC News

An income of at least $89,000 was needed to be in the top five per cent of earners in 2004, Statistics Canada said Monday.

This "five per cent club" earned 25 per cent of the income Canadians declared in 2004 — up from 21 per cent in 1992. They paid 36 per cent of the personal taxes collected in 2004.

The country's 1.2 million high-income earners — those among the top five per cent — were predominantly male (75 per cent), aged 45 to 64 (54 per cent) and married (78 per cent), Statistics Canada said.

... In the U.S., an income of at least $165,000 was the requirement to join the "five per cent club."

Read more: http://www.cbc.ca/money/story/2007/09/24/highincome.html
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