Researchers estimate the richest 1% dodge taxes on over a fifth of their income

Re:Researchers estimate the richest 1% dodge taxes on over a... by andrepd on Tuesday April 06, 2021 @10:03AM (#26711868)

I'm pretty sure you are projecting. The "1%" became a slogan around the time of the Occupy movement, coming frkm the fact that 1% of the world's population owns 50% of its wealth, which is such a hilariously skewed proportion.

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Re:Researchers estimate the richest 1% dodge taxes on over a... by trutannus on Tuesday April 06, 2021 @10:12AM (#26711964)

> The "1%" became a slogan around the time of the Occupy movement

This is correct. Since then it's become more of a slogan like "power to the people" than a useful statistic.

In some countries, 1% would include a couple who are both mid level engineers -- that's well off, but not "ultra rich" by any rational standard. The main reason is that the 1% figure often refers to households, rather than single individuals.

It's more a short hand for "ultra rich", rather than an actual measurement of what portion is actually "ultra rich".

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Re:Researchers estimate the richest 1% dodge taxes on over a... by andrepd on Tuesday April 06, 2021 @10:45AM (#26712397)

Did you read what I said? The top 1% of income is ~750,000$ individual, hardly mid-level engineers... As for top 1% net worth, it's ~11 mil$, again hardly "upper-middle class".

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Re:Researchers estimate the richest 1% dodge taxes on over a... by trutannus on Tuesday April 06, 2021 @11:11AM (#26712779)

In the USA, sure, where I'm from it's $300,000 gross household. The United States isn't the representative of the entire world. That's why I specified in some countries.

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Re:Researchers estimate the richest 1% dodge taxes on over a... by maxerickson on Tuesday April 06, 2021 @10:53AM (#26712519)

You are mixing global and US comparisons.

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