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by lovich
1864 days ago
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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. |
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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.