by Catherine Mulbrandon
in Other
In my earlier post on Sources of Income of the super rich I plotted the percentage of income that comes from wages, entrepreneurial income, dividend income, interest income, rental income, and capital gains for the Top 0.01 percent. Here I am posting the same data but this time all income sources are on the same graph.
{Click on the graph to take a closer look} 
A few items that caught my attention: the decline (starting in the 1930s) of the importance of Dividend income which was replaced in part by “Entrepreneurial” income then Capitals Gains and finally in the 60s by Wages. Also in the 70s and 80s Interest income becomes more important no doubt due to the high interest rates during those decades.
The income data can be found on Emmanuel Saez’s web site.
[tags]income distribution, US income distribution, US income inequality, income inequality, capital gains, super rich[/tags]
by Catherine Mulbrandon
in Other
In my earlier post on Sources of Income of the super rich I plotted the percentage of income that comes from wages, entrepreneurial income, dividend income, interest income, and rental income for the Top 0.01 percent; but this did not include capital gains. In 2005 capital gains was 18% of the income of the super rich (if you exclude capital gains when determining the Top 0.01 percent).
In the graphs below, I have plotted the all 6 income sources for Top 0.01% (this time including capital gains as one of the income sources).
{Click on the graph to take a closer look}
The income data can be found on Emmanuel Saez’s web site.
[tags]income distribution, US income distribution, US income inequality, income inequality, capital gains, super rich[/tags]
In my earlier post I plotted the percentage of income that comes from capital gains for the Top 0.01 percent. (In 2005 it was 18% if you exclude capital gains when determining the Top 0.01 percent and 51% if you include capital gains when determining the Top 0.01 percent).
In the graphs below, I have plotted the other income sources for Top 0.01% (excluding capital gains when you rank the families). The question I am trying to answer: since most of the income was not from capital gains in the original graph, what are the sources of the unaccounted for income?
{Click on the graph to take a closer look}
The income data can be found on Emmanuel Saez’s web site.
[tags]income distribution, US income distribution, US income inequality, income inequality, super rich[/tags]
by Catherine Mulbrandon
in Other
The following two graphs look at the capital gains of high income earners but they need a little explanation. Capital gains are a volatile component of personnel income. For example, depending on what is happening in the stock market capital gains can make up a relatively large or small part of the total income. Also capital gain tend to be realized in a lumpy way. Every year there are families who have a one-time jump in income due to the sale of a house, a business or some other assets like stocks. In these cases the income for those families might qualify them for the Top 1%, Top 0.1%, or Top 0.01% but only for a single year.
When you are choosing which families are members of the high-income “super rich” you have to make a decision whether to include capital gains when you rank the families by personnel income before calculating the share of income that is capital gains. The blue graph excludes capital gains when determining the top 0.01%, the purple graph includes capital gains when determining the top 0.01%
{Click on the graph to take a closer look}
The income data can be found on Emmanuel Saez’s web site.
[tags]income distribution, US income distribution, US income inequality, income inequality, Capital Gains, super rich[/tags]
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