3 ms·
My guess is that such a list is probably mostly the same as the wealthiest people due to the nature of capital gains. If you have a billion dollars, you get pro
by abvdasker 7y ago
My guess is that such a list is probably mostly the same as the wealthiest people due to the nature of capital gains. If you have a billion dollars, you get probably 10 million a year with the most conservative investments (in reality it's probably closer to a 5-15% rate of return). On top of that, the favorable tax treatment of long term capital gains means you pay way less in taxes than the schmuck who gets paid 10 million a year as salary.
- refurb 7y agoYou only have income if you sell. The rest is unrealized gains not reported as income.