Are You Part of the Richest 1% in South Dakota?

As Gordon Gekko would say, "Greed, for lack of a better word, is good. Greed is right, greed works. Greed clarifies, cuts through, and captures the essence of the evolutionary spirit."

We always keep hearing people talk about the top "1%." But who really is part of the top 1%?

You just might be surprised to find out, it could be you!

Economists at the University of California, Berkeley recently analyzed income tax records and figured out how much household income it would take to be part of the richest 1% in your state. What's interesting, in some states the bar isn't actually that high.

For instance, if you live in Idaho, your household income only needs to be $274,000 and you're part of the richest 1% in that state.

There are actually five other states where you can be in the top 1% by making under $300,000. Those states are: Montana, Arkansas, New Mexico, Alabama, and Wyoming.

You will however need to be Gordon Gekko if you want to be in the top 1% in places like Connecticut and Washington D.C.  In Connecticut you need an annual income of $642,000, in Washington D.C. you'd need $688,000 a-year.

And now for the million dollar question, what kind of annual income do you need to be pulling in to be considered in the top 1% in South Dakota? The answer is, $352,000!

If your annual income is or exceeds $352,000, you're part of that whole group of people that the occupy Wall Street folks despise! Congratulations!

Source: Business Insider