4 ms·

I imagine the number varies a lot depending on your source. Mine is Credit Suisse via the World Bank - https://openknowledge.worldbank.org/bitstream/handle/1098

• lotsofpulp 3y ago
  I could not find where it says 99th percentile in the US is $1M, but it seems unreasonable based on recent run up in asset prices, especially homes. The median home price is north of $500k in the western US. https://cdn.nar.realtor/sites/default/files/documents/ehs-04-2023-supplemental-data-2023-05-18.pdf?518 https://cdn.nar.realtor/sites/default/files/documents/ehs-04... Come to think of it, I wonder if these net worth calculations incorporate present value of annuities such as Social Security benefits and defined benefit pensions.
  • onion2k 3y ago
    That report might well be out of date. It's a year old, and possibly based on data from a year (or more) prior to that. I don't know. My more general point is still true though - it's the people with 100s of millions who have the resources to minimize their tax burden who could (note: I'm not saying 'should', that's a matter of opinion) be paying more.