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VTSnake

Joined: 10/7/05 Posts: 4452
Likes: 1140


How much of the top 0.1% income is traditional though?


A huge portion of their income is capitol gains, so many pay the same or lower effective tax rate than you or I.

Agreed that stock increases can help out regular people too, but less than half of Americans actually own any stock and many that do only have a tiny fraction of their income (if any) is through capitol gains.

(In response to this post by vt90)

Posted: 02/12/2019 at 2:26PM



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Current Thread:
 
  
CPA: What % of your clients are actually paying more? -- VaAkita 02/12/2019 12:10PM
  Yes 80 percent paid less in taxes -- capitals1 02/12/2019 1:12PM
  You don't sound snarky. -- MP4VT2004 02/13/2019 12:50AM
  I understand your premise -- RTFC 02/13/2019 10:19AM
  That's not how I understood it -- RTFC 02/12/2019 4:26PM
  Sorry, I didn't explain it very well. -- MP4VT2004 02/13/2019 12:57AM
  Media spinning it ** -- DaveVT 02/12/2019 12:36PM

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