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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: tejek who wrote (125461)10/6/2000 1:19:07 AM
From: david_langston  Read Replies (1) | Respond to of 1570373
 
Ted,

Wealthiest 1% is not necessarily the same as the highest income 1%.

The wealthy can simply buy tax-free municipal bonds. The income they derive may not qualify for the 1% level, but even if it does, they will not be paying any taxes. I'm not sure if this interest income would make it to the Treasury's income statistic because it is tax exempt.

Conversely a start-up entrepreneur may have a high income derived from exercised options, but no other real wealth.

Dave



To: tejek who wrote (125461)10/6/2000 2:38:20 AM
From: ptanner  Read Replies (1) | Respond to of 1570373
 
ted, Re: wealth distribution... 10% own 90%?

Here is a link to info I found over at Forbes the last time this came up:

Message 14252508

10% own about 68% or so

-PT

ps: I never did dig up the link on income distribution. Perhaps I will find the hard-copy article again to help with the web searching.


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