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> Over 10% of the country will be in the top 1% of earners at some point in their life

Though most of them only for one year due to temporary revenue, so it's not that rational.

At peak career ages, the 75th percentile household income is almost $200k and the 90th percentile is almost $300k. That’s exactly the range you need to tax. Across all ages, households earning between $150k and $800k earn half of all income—$7 trillion.

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