The ATO has collected data on 14.68 million individuals, but it's removed 3.62 million non-taxpaying individuals, so this income distribution is based on the annual taxable incomes of 11.06.. The years 2014 to 2019 had steady income growth leading to higher incomes across the income ladder. The share of families in the UMC went from 13 percent in 1979 to 31 percent in 2014 to 37 percent in 2019 (figure 1). Meanwhile, the rich share went from less than 0.5 percent in 1979 to 3 percent in 2019. In contrast, the share of families in.
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Setting the lower bound of the upper middle class income at $100,000 left incomes between $30,000 and $100,000 to be divided between the middle class and lower middle class. I defined the lower middle class as having size-adjusted incomes between $30,000 and $50,000 and for the middle class to range from $50,000 to $100,000.. Researchers use three main definitions for what makes a middle-class income: how close a household is to the median — or typical — income; whether they are in the middle 60 percent of incomes.
