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Ezra Klein blog: Who earns capital gains income? The 0.1 percent, mostly.

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flpoljunkie Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Nov-21-11 10:17 AM
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Ezra Klein blog: Who earns capital gains income? The 0.1 percent, mostly.
Who earns capital gains income? The 0.1 percent, mostly.
Posted by Brad Plumer

11/21/2011

“Income and wealth disparities become even more absurd if we look at the top 0.1% of the nation’s earners — rather than the more common 1%. The top 0.1% — about 315,000 individuals out of 315 million — are making about half of all capital gains on the sale of shares or property after 1 year; and these capital gains make up 60% of the income made by the Forbes 400.” — Robert Lenzer argues that the distribution of capital gains income has been the biggest driver of rising inequality in the past few decades.

http://www.washingtonpost.com/blogs/ezra-klein/post/who-earns-capital-gains-income-the-01-percent-mostly/2011/11/21/gIQAZr4phN_blog.html
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