On Oct 4, 8:35*pm, "Gil Faver" <rowdy'sb...[at]xxyz.com> wrote:
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I was wondering about this too. The IRS is in an excellent position to
collate income statistics, but how would it know about assets,
especially about the piles of $100 bills I keep under the mattress?

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"123go" <rejecto[at]rejcet.ccc> wrote in message
news:OzbGk.256981$102.120218[at]bgtnsc05-news.ops.worldnet.att.net...
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Only about 0.1% are worth $10m or more; that is a pretty fast drop off.

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"jack" <jack[at]yahoo.org> wrote in message
news:gc9j29$uaf$1[at]registered.motzarella.org...
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I know that tune!


- quote -

what is 2%??

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"Gil Faver" <rowdy'sboss[at]xxyz.com> wrote in message
news:m4LFk.60279$Mh5.44791[at]bgtnsc04-news.ops.worldnet.att.net...
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Sadly I can't remember...

Interesting it is about 2%.

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http://www.irs.gov/taxstats/article/...185880,00.html

on this page, there are links to spread sheets with IRS wealth statistics.
This page states "An estimated 2.7 million U.S. adults in 2004 had gross
assets of $1.5 million or more. . . . . A little less than 1.6 million, or
57.0 percent, of top wealth holders were men, while just under 1.2 million
were women. Overall, male top wealth holders had a higher average net worth
than their female counterparts."

One of their spreadsheets shows a breakdown, including the figure that there
are 47,000 people with total net worth exceeding $20 Million.

How does the IRS arrive at these figures?

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<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- >