One other thing there is an assumption that membership in these statistical categories are 'stable' Not really though. Lot of 'the 1%' are in it for short perio

One other thing there is an assumption that membership in these statistical categories are 'stable' Not really though. Lot of 'the 1%' are in it for short periods of time. Other big issue is the super rich typically have full control over when, where, and how, a taxable event happens. For the wealthy most wealth building doesn't involve taxable events. One of my beliefs is the mortgage interest deduction is a sop to the middle class. Because otherwise the wealthy would out compete middle class families for single family homes.