Ever wondered which areas of the country have the biggest gap between those with the highest income and lowest income?  The team at 24/7 Wall Street put together a list that ranked each state by the biggest gap in wealth.  Some states would immediately be considered due to the large number of millionaire’s. Other states are surprising due to not being known for having such large gaps in wealth. 

Here are the Top 10 States with largest gap in wealth:

1.     New York 

Median household income: $55,246 (16th highest)

Households earning $200,000+: 8.0 percent (6th highest)

Population living below poverty line: 16.0 percent (21st highest)

2.     Connecticut

Median household income: $65,753 (4th highest)

Households earning $200,000+: 11.2 percent (the highest)

Population living below poverty line: 10.9 percent (5th lowest)

3.     Louisiana 

Median household income: $41,734 (7th lowest)

Households earning $200,000+: 3.5 percent (17th lowest)

Population living below poverty line: 20.4 percent (3rd highest)

4.     New Mexico

Median household income: $41,963 (8th lowest)

Households earning $200,000+: 3.4 percent (tied for 15th lowest)

Population living below poverty line: 21.5 percent (2nd highest)

5.     California 

Median household income: $57,287 (10th highest)

Households earning $200,000+: 7.8 percent (7th highest)

Population living below poverty line: 16.6 percent (18th highest)

6.      Florida
Median household income: $44,299 (14th lowest)
Households earning $200,000+: 4.4% (19th highest)
Population living below poverty line: 17.0% (17th highest)

7.      Massachusetts
Median household income: $62,859 (5th highest)
Households earning $200,000+: 9.9% (4th highest)

Population living below poverty line: 11.6% (9th lowest)

8.     Texas
Median household income: $49,392 (25th highest)
Households earning $200,000+: 5.4% (16th highest)
Population living below poverty line: 18.5% (11th highest)

9.     Georgia
Median household income: $46,007 (18th lowest)
Households earning $200,000+: 4.3% (21st highest)
Population living below poverty line: 19.1% (5th highest) 

10. Tennessee
Median household income: $41,693 (6th lowest)
Households earning $200,000+: 3.4% (tied for 15th lowest)
Population living below poverty line: 18.3% (12th highest)

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Interesting article on corporate taxes and CEO pay.

 

 

Tags: tax, CEO, salary, pay, corporate, deduction, shelter, USA, IRS, 2011, AIG, AT&T, Motorola, Tyco, list, rank, evade

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Are you thinking about a new fitness plan?  The people in the Top 10 Fattest cities are battling obesity on a daily basis and are unfortunately losing according to the team at Gallup-Healthways. So brush off you sports outfit and running shoes and review this list of Top 10 workouts for abs so that your city does not end up on this list of Top 10 fattest cities.

1.     McAllen-Edinburg-Mission, Texas      Obesity rate: 38.8 percent

2.     Binghamton, New York                37.6%

3.     Huntington-Ashland, West Virginia-Kentucky-Ohio                        36%

4.     Rockford, Illinois    35.5%

5.     Beaumont-Port Arthur, Texas    33.8%

6.     Charleston, West Virginia            33.8%

7.     Lakeland-Winter Haven, Florida                        33.5%

8.     Topeka, Kansas                   33.3%

9.     Kennewick-Pasco-Richland, Washington        33.2%

10.                          Reading, Pennsylvania                32.7%

 

Are you heading to the gym now?

Tags: fat, obese, top 10, city, list, usa, rank, most, workout, fitness, run, best, chunky, health

Which presidents were worth the most in their lifetimes?  A few on the list may surprise you.  The values have been adjusted to reflect today’s net worth using 2012 dollars but it does shine a light on the financial situation of some of our most popular presidents. So check out this Top 10 list of the richest presidents in US history put together by 24/7 Wall Street:

1. George Washington 

·         Net worth: $525 million

·         In office: 1789 - 1797

·         1st president

2. Thomas Jefferson 

·         Net worth: $212 million

·         In office: 1801 - 1809

·         3rd president

3. Theodore Roosevelt 

·         Net worth: $125 million

·         In office: 1901 - 1909

·         26th president

4. Andrew Jackson 

·         Net worth: $119 million

·         In office: 1829 - 1837

·         7th president

5. James Madison 

·         Net worth: $101 million

·         In office: 1809 - 1817

·         4th president

6. Lyndon Baines Johnson 

·         Net worth: $98 million

·         In office: 1963 - 1969

·         36th president

7. Herbert Clark Hoover 

·         Net worth: $75 million

·         In office: 1929 - 1933

·         31st president

8. Franklin Delano Roosevelt 

·         Net worth: $60 million

·         In office: 1933 - 1945

·         32nd president

9. William Jefferson Clinton 

·         Net worth: $38 million

·         In office: 1993 - 2001

·         42nd president

10. John Fitzgerald Kennedy 

·         Net worth: $1 billion (never inherited his father’s fortune)

·         In office: 1961 - 1963

·         35th president

Is wealth necessary to be a great president?

Check out the full article at msnbc

Tags: USA, Presidents, Rich, Richest, money, millionaire, JFK, clinton, washington, jefferson, top 10, list, rank, most

Does the topic of illegal immigration create a heated discussion in your circle of friends?  America was founded by immigrants as many arrived in New York.  According to the department of Homeland Security, the following countries produced the highest number of illegal immigrants in 2009.  Over 10.8 million illegal immigrants entered the US in 2009.

·         Mexico (62%)

·         El Salvador (5%)

·         Guatamala (4%)

·         Honduras (3%)

·         Philippines (2%)

·         India (2%)

·         North & South Korea (2%)

·         Ecuador (2%)

For more details – check out this article from the Department of Homeland Security

Tags: best, top, list, top 10, top 5, all time, illegal, immigrant, country, usa