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by algaeselect 635 days ago
The top 1% is very different from the top 0.1%. You are still likely a W2 earner earning < 1M and paying 40%-50% tax rates if you are in this range; lawyers, doctors, well paid engineers, etc.

I don't know why the article mentions "billionaires", who are in the top 0.1% and are the ones paying almost zero tax because they just borrow against their investments.