Between 1999 through 2007, there were 675,000 taxpayers could represent themselves as being millionaires.
However, only about 38,000 could represent themselves as being millionaires all nine years.
After the first year, roughly only half of those who were millionaires, were still millionaires. After two years, the number falls to 15 percent.
Conversely, 60 percent of households that were in the lowest income quintile in 1999 were in a higher quintile in 2007.
the liberal unsavory type
I always thought of a "millionaire" as someone who had millions of dollars in assets, not someone who made more than a million each year.
edit: It also isn't clear if this counts capital gains income. If it doesn't, this means absolutely nothing.
- Last edited Thu Nov 17, 2011 12:08 am (Total Number of Edits: 1)
- Posted Thu Nov 17, 2011 12:06 am