Quote:
Originally Posted by Torture
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When you dig into the details there are always problems with the data. In this case, the problem is they are claiming to calculate an
income tax rate, but are actually using change in wealth as their measure of income, which clearly is not the same thing:
Quote:
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To estimate comprehensive income for the 2010–2018 period, we begin by subtracting the total wealth (net worth) of the Forbes 400 in 2009 from the total wealth of the Forbes 400 in 2018.
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Now, you can have a whole other argument about taxing increases in wealth vs just taxing income (I'm a big supporter of just taxing income FYI), but that source is misleading and contains a ton of estimates too.