Ladies Millionaires High Males on Common Wage Earnings in U.S.

By Alex Tanzi

(Bloomberg) -- Millionaire ladies are out-earning millionaire males within the U.S., in keeping with the newest obtainable IRS knowledge compiled by Bloomberg.

Ladies taxpayers with wages of at the least $1 million earned a mean $2,506,220 versus $2,477,680 for males, in keeping with knowledge from 144.2 million tax returns containing wage earnings in 2016 that had been filed with the Inner Income Service.

The variety of ladies within the $1 million-plus membership climbed to 17,609 in 2016, up from 6,597 in 2009, the 12 months the recession ended. Aggregated wages for this group jumped threefold to $44.1 billion in 2016, from $13.eight billion in 2009.

The returns had been cut up virtually equally by gender, in keeping with the information. Nonetheless, males earned 61.four% of the full wages general. As well as, some eight,000 males earned at the least $5 million in 2016, whereas solely about 1,850 ladies reported wages of that measurement.

Wage progress amongst high-earning ladies is narrowing when put next with their male counterparts. Round 400,000 males earned half-a-million or extra in wage earnings in 2016, six instances greater than ladies that 12 months. In 2009, there have been eight instances as many males as ladies incomes that quantity.

To contact the reporter on this story:
Alex Tanzi in Washington at [email protected]

To contact the editors accountable for this story:
Alex Tanzi at [email protected]
Wei Lu, Virginia Van Natta