Income – Average, Median

Average Income: PreTax vs AfterTax 2005

by Catherine Mulbrandon

I created this graph showing the average income for different household percentiles, comparing pretax income and aftertax income. The minimum income threshold for each percentile is noted in the graph.

{Click on the image to take a closer look}

Data from Congressional Budget Office

[tags]United States, Income tax, average income[/tags]

{ 3 comments }

United States vs Great Britain (Revised)

by Catherine Mulbrandon

in Country Growth last 2000 years, VE Infographics

I am revisiting my previous graph United States vs Great Britain: Income and Population since 1500. In my original graph, I placed population on the y-axis which emphasizes its dramatic growth in the US. In the new graph, I placed GDP per Capita on the y-axis which emphasizes the growth in income in both countries. Take a look below at both versions and let me know which you prefer:

New Version: GDP per Capita on the y-axis {Click on the image to take a closer look}

Original Version: Population on the y-axis {Click on the image to take a closer look}

Data estimates for population from Angus Maddison Emeritus Professor, Faculty of Economics, University of Groningen.

[tags]population, income, United States, United Kingdom, Great Britain[/tags]

{ 15 comments }

Real Gross National Income per Person

by Catherine Mulbrandon

in History of the United States, VE Infographics

A NYT article about the .01 Percent had a quote from Warren Buffet that caught my attention: “‘This is a significantly richer country than 10, 20, 30, 40, 50 years ago,’ he declared, backing his assertion with a favorite statistic. The national income, divided by the population, is a very abundant $45,000 per capita, he said, a number that reflects an affluent nation but also obscures the lopsided income distribution intertwined with the prosperity.” This graph was an attempt to visualize that statistic. (Keep in mind that the numbers are in 2000 US$)

{Click on the graph to take a closer look}

The US Gross National Income (GNI) represents the total buying power of citizens of the United States. This buying power can be transferred around the economy by taxation and lending. GNI includes Wages and Salaries + Rents + Interest + Profits (also includes Depreciation of Capital + Sales taxes – Subsidies). Since it is “National” it measures income from resources owned by the citizens of the United States, regardless where the production occurs. Gross national income is identical to gross national product (GNP).

The Real GNI data can be found at Bureau of Economic Analysis National Economic Accounts Table 1.7.6. Population data can be found at Census Historical Series and Census Current Estimates .

[tags]income distribution, US income distribution, United States GNI, National Income[/tags]

{ 7 comments }

NYTimes: Income Gap Is Widening, Data Shows

by Catherine Mulbrandon

in Other

The New York Times had an income graph in a Mar 29th article that reminded me of the Income/GDP post I made last October. The difference is that I was looking at the share of GDP going to the top 10% as compared to the bottom 90% rather than the share of individual income going to the top 1% and bottom 90%. However, both graphs rely on the IRS data collected by Saez and Piketty. One critique I had about their graphic: by using a different scale for the second graph (the average income for the early 2001-05) it was difficult to compare it to the larger graph. This means the relationship between the two graphs was not very clear.