So the IRS put out some aggregate information on 2016
taxable gross income reported by single people under age 26.
80% earned up to $25,000.
Another almost 16% earned $25,000 to $50,000.
So that’s collectively 96% of people in that age group who filed tax returns.
About 3% made up to $75K, and the remaining 1% made more than that.
That 1% is 185,000 people, so quite a few, though not a big percentage of the population. (There are about 4 million people of any given age, i.e. 4 million 25-year-olds, roughly.)
1400 of them make over $1M in 2016.
45 made over $10M.
So, not everybody is a Silicon Valley software developer making six figures, it just seems that way sometimes if you read a lot of posts here.
Data source can be found here: www.irs.gov/statistics/soi-tax-stats-individual-statistical-tables-by-filing-status