Thursday, March 5, 2015

top 1 percent income grows 3.9% per year

However, the top 0.01 percents income grows 7.8% per year.

So, for example if you a a millionaire your income off of investments with your 1 million dollars per year equal at least $39,000 dollars.

But if you were a billionaire or more your 1,000,000,000 dollars will earn you at least 78,000,000 dollars per year.

Source the Daily Show with Jon Stewart: Their source NBER working paper series: Wealth Inequality in the United States since 1913: Evidence from Capitalized Income Tax Data.

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