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by rsaxvc 1271 days ago
https://en.m.wikipedia.org/wiki/Wealth_inequality_in_the_Uni...

https://en.m.wikipedia.org/wiki/Income_inequality_in_the_Uni...

It's all in the top 10 or 20%.
2 comments
acchow 1269 days ago
The ultra wealthy avoid having much income by borrowing against their assets instead of selling. So they usually never realize capital gains on most of their assets all the way until their death.

https://www.businessinsider.com/american-billionaires-tax-av...

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noyoudumbdolt 1271 days ago
The top 20% is household income over $109,000. That's not the ultra rich by any means.
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marcusverus 1271 days ago
> That's not the ultra rich by any means.

Bingo. And don't forget that the AVERAGE number of earners in a top-quintile household is 2![0]

[0] https://www.aei.org/carpe-diem/explaining-us-income-inequali...

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