Kim Griest
Mar 30, 2024

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I'm glad you changed your comment. You originally said the average AGI was $699k

,while the reference you gave said that this was the "AGI floor on the percentil

e", a very different number. The number for the "average" is actually all over t

he map from different sources, but usually above $1million, the WID that I use

has about $1.5million in 2014. Of course the number itself is not very important

, since the point i was making here is that people in this percentile have much

more "extra money". I doubt you disagree with that point?

Also, note that using the AGI is not very accurate, since much of the

the increase in wealth of the top 1% comes from capital gains, royalties, etc. t

hat are not taxed in the same way (or even at all). Thanks for you comments.

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