Recent Examples of quintile from the Web
Source: Tax Policy Center The Tax Policy Center also offers a closer look at the income tax for those in the top quintile, who earn anywhere from $150,000 to $100 million and up.
Nearly two-thirds of the tax cuts Republicans passed in December will go to the top income quintile this year, according to the Tax Policy Center.
That number drops to 4.1% in wealthy communities and soars to 38.3% for Hispanic women in the poorest quintile.
The most-domestic quintile includes more than 100 companies with no foreign sales.
Those in the second, third, and fourth income quintiles will pay $250, $150, and $200 more, on average.
The staff then focused on the households making under $86,100 — the bottom three quintiles of taxpayers — that would face a tax increase.
In contrast, 52% of families in the middle-income quintile held stocks, with a median value—again, just for families who held stocks—of only $15,500.
Another is to look at the middle three quintiles of the income scale — leaving the bottom 20 percent as lower class and top 20 percent as upper class.
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Breaking Down the Meaning of quintile
Many people have a deep interest in statistics about themselves, whether the information provided is about income, ice-cream consumption, or trash production. And any such rating can be divided into fifths, or quintiles. The fifth or lowest quintile would include the 20 percent of the population who make the least money or eat the least ice cream or generate the least trash, and the first quintile would include the 20 percent who make, eat, or generate the most.
Financial Definition of QUINTILE
What It Is
A quintile is one of five equal parts.
How It Works
For example, if we were to look at all of the closing prices for Company XYZ stock for every day in the last year, the top 20% of those prices would represent the upper quintile of the data. The bottom 20% of those prices would represent the lower quintile of the data. There would be three quintiles in between the upper and lower quintiles. The average of all the stock prices typically falls right in the middle, between the second and fourth quintiles.
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