I call bullshit on this
$34k after taxes is about a salary of $48,000 a year. So this report is saying anyone making $48k/year is in the top 1%?

bullshit, you can make that at almost any company within 5 years starting from the ground floor. Shit, even my friend who is a felon makes $60k/year working a trucking company
Even if you are looking world wide? still dont believe it...