Millionaires multiply across the US, but most find it’s not all mansions and champagne
Millionaires multiply across the US, but most find it’s not all mansions and champagne
Jul 29, 2025
apnews.com
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This is the percentage of American households that earn more than $1m
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Americans pay about 7.3 trillion dollars in taxes a year. China's people pay a quarter of that per person and get more. Compare the two properly. Counting every level of government, the United States takes in roughly 7.3 trillion dollars from about 342 million people. That is close to 21,000 dollars per person. China takes in roughly 8 trillion dollars across its four budget accounts, spread over 1.4 billion people. That is about 5,900 dollars per person. Chinese citizens hand over less than a t
0:38
Americans pay about 7.3 trillion dollars in taxes a year. China's people pay a quarter of that per person and get more. Compare the two properly. Counting every level of government, the United States takes in roughly 7.3 trillion dollars from about 342 million people. That is close to 21,000 dollars per person. China takes in roughly 8 trillion dollars across its four budget accounts, spread over 1.4 billion people. That is about 5,900 dollars per person. Chinese citizens hand over less than a t
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In the 1970s the richest guy on Earth had $1.2 billion dollars. Today Elon Musk has almost 1,000x that, nearly a trillion dollars. In the 1970s a minimum wage worker made $1/hr. Today minimum wage workers make just 7.25x that. Producer: @genericartdad Supervising producer: Victoria Hammett
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