3 ms·

Did 100% of the wealth generated by the 1% come from their income taxed at that rate, or did they have a significant portion of their generated wealth come from

by lovich 6y ago

Did 100% of the wealth generated by the 1% come from their income taxed at that rate, or did they have a significant portion of their generated wealth come from capital gains? Classifying the 1%'s wealth by talking about their income as if its 100% of their wealth might be a bit misleading.

tomnipotent 6y ago
> might be a bit misleading Does wealth matter when you're talking about taxes? I was under the impression "1%" was in reference to share of adjusted gross income, not total wealth.