Quote:
Originally Posted by Fuzz
I'd have to assume just judging taxes paid in income tax misses a whole load of very wealthy people not technically earning income that is taxed the same. Their wealth may increase 20% in a year, but they only pay 0.5% of it in taxes(random made up numbers). So by saying "The top 1% in that group earn about 10% of the income, and pay about 22% of the taxes" it's technically true, but they've gotten a whole lot wealthier in other ways. Consolidation of wealth in this manner is a problem we haven't really solved, and it's only going to get worse.
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Those gains are captured into income (and taxed) at death. So every year's number includes in both tax/income the people who died that year, which I assume would sort od average out each year.