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by DataWorker
2654 days ago
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Talking about taxable incomes for the top .01% is silly. You should google the paradise papers or just do some basic reading. Wage workers have incomes that are a function of their job, the top .01% have income from a variety of sources and probably have tax specialists to help them adjust their income up or down to be most favorable given prevailing economic situation. |
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Saying "you should google ..." is not a source. If you want to provide a source for your claim about some group, back it up. You're not making meaningful contribution to the discussion.
Yes, the very wealthy have a variety of sources of income (e.g. stocks) and those dropped greatly in value. Unemployment peaked at maybe 10% during the crisis. So some percentage of people lost jobs while the wealthiest who have most their wealth in capital that dropped 30%.
Ironically, having tax exempt investments hurts when your portfolio drops in value as you won't be able to write those off.