Originally posted by Wooglin
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You ask, how can I lump Buffett and Gates into a group that includes people making only $75k. First, they both fit into top 20% of income earners. That would include the top 1%, etc. Second, the chart set the categories, not me. Third, by roping off the top 20%, which as group experienced an income growth rate of 95% and higher between 1979-2007, I could show the low-growth range was the remaining 80%. I was not saying that the lower end of the 20% was well-off or not struggling, just that their incomes did run ahead of inflation by a pretty good clip. So your NY friends have no bone to pick with me. I feel for them because I was in the top 5% and stuggling. Asty wants to tax me more.
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