Where in 99% do you rank?
Where in 99% do you rank?
Out of context: Reply #40
- Started 14 years ago
- Last post 14 years ago
- 54 Responses
- ukit20
"Number indicated is the percentile of income among all tax-filing units."
The statistic that gets repeated the most in this context is that "1% of the population controls almost 40% of the wealth."
But this WSJ calculator doesn't seem to measure wealth, only income. And the further up the scale you are, the more likely to rely on wealth rather than take home pay.
So, maybe not too surprisingly, it seems WSJ skewed this to make it seem more equitable than things really are.