LAS VEGAS (KLAS) – What does it take to join the 1 percent club?

To be a 1% in California, you will need to earn $745,314 or more. According to personal finance website smartasset.com, this will put you in an elite club, earning over 99% of the rest of the Golden State population.

If that’s a little too rich for your blood but you still want to be in a top tier, you can aim a little lower…like the 5 percent club. This requires $291,277 in California.

The study of SmartAsset brings harm with good for these elite employees.

In California, the top 1% accounts for 41.55% of all state income taxes. Nationally, the top 1% contribute 35.79% of all personal income taxes paid.

The study is based on 2018 IRS income data, with figures adjusted to 2021 dollars using the Bureau of Labor Statistics’ Consumer Price Index.

Nationally, an American family needs a gross income of $597,815 to be in the top 1%. Those in the top 1% in the United States earn twice as much as those in the top 5%, or $240,712.

At the top of the scale, you’ll find the top 1% in the Northeast: Connecticut ($896,490), Massachusetts ($810,256), New York ($777,126) and New Jersey ($760,462) leads, with California rounding out the Top 5 at $745,314.

Bottom five: West Virginia ($350,212), Mississippi ($361,462), New Mexico ($384,427), Arkansas ($411,633) and Kentucky ($412,836).