Income

Comparing Income & 10-year Job Growth for All Occupations

Here is a sneak peek at my An Illustrated Guide to Income in the United States. These are a set of data graphics looking at the average income and change in number of jobs over the last ten years for 800+ occupation by industry and by education. Be sure to sign up to be notified when the Income Guide is done. 

Data from EMSI

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The Great Divergence In Pictures: A visual guide to income inequality. [Slate]

First published in Slate to accompany an article written by Tim Noah, I created these graphs about income inequality covering the changes in income inequality as well as looking at changes in race, gender, education, taxes and political party in the White House. 

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The Top 0.01% and Top 1%'s Income Share: 2008

Transient

This one of the graphics that I presented recently at The Big Picture conference here in New York City. It is from a project I am currently working on called An Illustrated Guide to Income in the United States: a collection of infographics, maps and charts looking at the different incomes and occupations in the United States.

Recently the conversation in the news has been about the top 1%, however, in this graphic I show the breakdown of personal income by different percentiles, including the top 0.01% (i.e. income above $9 million). I have used 10,000 "people" to represent the tax returns filed in 2008, each "person" one equals 15,246 tax units. (A tax unit is single adult or married couple living together, including their dependents.)

So the top 1% are represented by the 100 "people" in the four (orange, yellow, magenta & red) rectangles the upper left corner.

Approximately $8.2 trillion in personal income (including capital gains) was reported to the IRS in 2008. Divide that by 152 million tax units you get an average income of $54,315. I have the size of the "people" represent the average income for each percentile group. For example the Average Income for the Top 0.01% = $27 million.

Data is from Saez and Piketty research which is now available at the The World Top Incomes Database 

 

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Highest Paying Jobs in the US: 2005

While athletes, movie stars and other celebrities can earn very high incomes, the majority (61%) of very high-income people (> $1,246,000) work as corporate executives or in the finance industry. When you account for all taxpayers with income greater than 1.2 million a year, the list includes: Lawyers; Medical jobs; Real estate jobs; Entrepreneurs; Business operations; Computer, math, engineering, technical jobs; Skilled sales; Professors and scientists; Farmers & ranchers

Data source: Jobs and Income Growth of Top Earners and the Causes of Changing Income Inequality: Evidence from U.S. Tax Return Data (pdf)

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