A recent Wall Street Journal illustration of the upcoming tax changes used four example households.
The lowest household income used? $180,000 per year — for a retired couple! — which is more than 94% of all households.
The other examples:
- Single person, $230,000 (97th percentile)
- Single parent, $260,000 (1.5% of all US households)
- Married couple, $650,000 (top 1% of all households)
Median household income in the US, by the way, is a little over $45,000 per year.