Re: questionable economic stat of the day

From: Michael Scheltgen <mjs818@xxxxxxxxxxxxx>
Date: Thu, 19 Apr 2007 18:49:12 GMT

sinister wrote:

http://www.washingtonpost.com/wp-dyn/content/article/2007/04/17/AR2007041701458.html

"Among the top 1 percent, report Saez and Piketty, more than four-fifths of income comes from salaries and self-employment. In 1916, the top 1 percent relied far more heavily on income from dividends, interest and rent."

Income can't be recycled into "salaried" or "self-employment" income?

It would depend upon changes in tax laws over the last 90 years and how various forms of income are treated for tax purposes. I _believe_ it is cheaper (in Canada anyways) for a business owner to pay themselves a salary than to pay corporate income tax.
.

References:
- questionable economic stat of the day
  - From: sinister

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