Pre-tax money income
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Pre-tax money income is a poverty measure which excludes the value of government noncash benefits provided either privately or publicly, such as health insurance, food stamps, or housing assistance.[1]
- In 2021, average income before taxes and transfers among households in the lowest quintile (one-fifth of the population) was $22,500 and $418,100 for the highest quintile.
Thus, in America the rich have 18.5 as much pre-tax income as the poor.