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A comment on Americans Now Need at Least $500k a Year to Enter Top 1%. Parent comment

Re:Americans Now Need at Least $500k a Year to Enter Top 1% by ummonk on Wednesday October 16, 2019 @09:23PM (#21278078)
Investments are usually taxed at long term capital gains rates and only when you realize them.

So someone with 500k income can be putting away 250k a year into investments, while someone with a 10 million dollar portfolio can be having 700k in gains each year, only getting taxed when they sell something.

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Re:Americans Now Need at Least $500k a Year to Enter Top 1% by vonmoltke on Wednesday October 16, 2019 @09:38PM (#21278174)
That was my point. You are assuming the wealth appreciation is mostly asset value appreciation that is not realized as a gain every year. Otherwise, this household would also be in the top 1% of incomes, and this thread started by talking about the distinction between top 1% incomes and top 1% wealth.
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