3 ms·
The whole point of medians is that half of them are below that. So half of physicians don’t get there even if they double up (2 physician incomes per family) I
by ska 6y ago
The whole point of medians is that half of them are below that. So half of physicians don’t get there even if they double up (2 physician incomes per family)
I’m certainly not arguing that all of the 1% are living off capital only, but it’s worth noting that the people in there that primarily do it off a wage are unusual even amongst high wage earners.
Absolutely the top 0.01% is different than the top 1%. But that doesn’t make the top 1% just folks.
- refurb 6y agoThere you go, someone did the analysis. For top 1%, salary makes up the same fraction of income as capital gains. ” This fraction declines and for the top 1 percent (those making $783,000 or more), their income is about equally split between capital and labor income.” I’d bet if you looked at those in the top 1% but under $1M range the vast majority of income is salary. https://www.taxpolicycenter.org/taxvox/let-me-tell-you-about-very-rich-they-are-different-you-and-me https://www.taxpolicycenter.org/taxvox/let-me-tell-you-about...
- deleted 6y ago[deleted]
- ska 6y agoThat seems consistent with my point.