Is it people with regular incomes over $1M, or does it include windfall years?
Windfall years are hard to predict.
Also, it’s much easier to get to a $1M peak income (inheritance, individual contributor at IPO, etc) than to get to $1M mean income (become a VC or executive).
I’d be curious to see a histogram of the 5-year rolling average incomes of the people paying this tax.
Windfall years are hard to predict.
Also, it’s much easier to get to a $1M peak income (inheritance, individual contributor at IPO, etc) than to get to $1M mean income (become a VC or executive).
I’d be curious to see a histogram of the 5-year rolling average incomes of the people paying this tax.