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mandevil 3 days ago

Wealth inequality is intensely fractal, at every level it is enormous: someone at the 90th %ile household (there are 15 million of these), making 178k (1), can mostly imagine what someone at the 97th %ile, making 350k, would live like (there are 4.6 million of these), but someone at the 99th %, making 663k would be harder to imagine, and someone at the 99.9th %ile, making 3.2 million a year is basically impossible, and the 1500 taxpaying units at the 99.99th %ile, making 85 million a year is simply out of the frame of reality.

1: All stats are 2022 tax year, and are AGI per tax return, so excluding things like 401(k), based on https://www.irs.gov/statistics/soi-tax-stats-individual-stat... and defining household as "taxpaying unit"- e.g. married filing separately would count as two, at two separate levels of income