Yea.... I've had a similar experience. But, I'm pretty sure we're NOT in the top 3% of the "wealthiest" people... just "income earners". The truly wealthy don't have much "earned income"... their money all comes from dividend and capital gains.
So, knock yourself down another 5-6%.
I'm also quite sure, a BUNCH of people are grossly under-reporting their income. Go figure. After 80 years of taxing INCOME, people have figured out how to get compensated in "other" ways, or "non-traceable" ways.
yes, there is a vast difference between wealth and income.
Nobody knows or has any way of tracking the wealth of Americans though, so there’s no way to compare wealth.
Income is the only thing that is tracked, and income includes income from all sources not just a salary. The income numbers are also for a household and not an individual. But it’s still hard for me to grasp that a family making $240,000 a year is making more income than 97% of all Americans.