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Physicist, Startup Founder, Blogger, Dad

Thursday, October 22, 2015

W-2's don't lie

These numbers are derived from aggregate W-2 incomes for 158 million working Americans (see link for full table).
The "raw" average wage, computed as net compensation divided by the number of wage earners, is $7,050,259,213,644.55 divided by 158,186,786, or $44,569.20. Based on data in the table below, about 67.2 percent of wage earners had net compensation less than or equal to the $44,569.20 raw average wage. By definition, 50 percent of wage earners had net compensation less than or equal to the median wage, which is estimated to be $28,851.21 for 2014.
Some rough earnings thresholds by percentile: 90th ~ $95k , 95th ~ $125k , 99th ~ $275k , 99.9th ~ $900k , 99.99th ~ $3.5M.

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