The Corner

Fiscal Policy

‘Unconventional Methodology’ . . .

. . . is a very polite way of writing — something that isn’t very polite.

From the New York Times:

The White House’s calculation of what the wealthiest pay in taxes is well below what other analyses have found. The difference comes from the White House officials’ decision to count the rising value of wealthy Americans’ stock portfolios — which is not taxed on an annual basis — as income. It finds that between 2010 and 2018, those top 400 households, when including the rising value of their wealth, earned a combined $1.8 trillion and paid an estimated $149 billion in federal individual income taxes.

Which is to say: Rich people have more income if we take a lot of stuff that isn’t income and call it income.

Democrats are embarrassed by the actual numbers, because those numbers show that high-income households already pay federal income taxes that are far disproportionate to their share of income.


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