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Here’s what it takes to be in the top 1% of earners in Pennsylvania

By Joanne Drilling and Ethan Lott

WPXI Money Generic Generic image of $1 bills. (Image by Thomas Breher from Pixabay /Image by Thomas Breher from Pixabay)

By Joanne Drilling and Ethan Lott

PITTSBURGH — Being in the top 1% of earners in Pennsylvania requires about $60,000 more than it did five years ago.

That’s according to data from the Internal Revenue Service, which shows the cutoff for each adjusted gross income by percentile in each state. The data is based on the 2020 tax year.

In Pennsylvania, the cutoff for being in the top 1% of earners was $506,367 in 2020.

Among neighbors to the Keystone State, Pennsylvania is in the middle — well above Ohio and West Virginia, far below New Jersey and New York and comparable to Maryland.

Read more on the Pittsburgh Business Times

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