Bucks Blog: Where Do You Rank Among the 99 (or 1) Percent?

Getty ImagesProtesters in Los Angeles.

Updated 12:14 p.m. to switch $846.4 trillion to billion. This is an error of the Kiplinger tool, and we’ve informed them of the miscalculation.

The persistent Occupy Wall Street movement has taken on the debate over rising income inequality, with its notion of 99 percent of the population being exploited by a wealthy 1 percent.

Doesn’t that make you a little bit curious, about where your income — and tax burden — places you, in comparison to the rest of your fellow citizens?

Kiplinger has a calculator feature that lets you enter your adjusted gross income (that’s Line 37 from your Form 1040 tax return, or Line 4 on the 1040EZ), and shows you where you fall.

To find out where you rank, try the tool.

I plugged in a hypothetical income of $50,000, and got this report:

So where do you rank, and were you surprised by the number?

Article source: http://feeds.nytimes.com/click.phdo?i=6c71770e88659ac8ec5ce0310cb2c767