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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: regli who wrote (76692)	12/27/2006 1:29:55 AM
From: bart13	Read Replies (1) of 110194

I am actually pondering the household income depicted in the second chart. It looks to me like the top 10% really know how to avoid taxes, as based on these figures, wealth does not result in corresponding income... The relatively few very wealthy people I know have had me laughing good naturedly a few times at the wild things their CPA's etc. have them do in the tax planning arena... and it does work too. But on the long term, very few of them truly understand inflation. The top 1% had a net worth of about $5.6 million in 1962 and $14.8 million in 2004 per epi.org, very roughly a 300% gain... and the understated CPI is up over 500% since 1970.

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