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I completely agree here. People claiming tens of millions in regular non-capital gains income are a completely different group from the “real” 0.01% who most li
by alasdair_ 5y ago
I completely agree here. People claiming tens of millions in regular non-capital gains income are a completely different group from the “real” 0.01% who most likely use capital gains for almost all of it.
The “income” 0.01% are going to be people like lottery winners and are wholely unrepresentative.
- rkk3 5y agoYeah the cutoffs were 31M in non capital gains income (2015) vs 371M assets (2012). After income taxes they'd only get around half, ~16M, which is about 4.3% of 371M. So .01% non-cap gains income is maybe keeping pace on average with the .01% wealth's passive gains.